2 months ago
Date: 13 Aug 2022 - 19:00

Data shows a large amount of leverage has been piling up in the Ethereum futures market as the price of the crypto breaks above 2k.Ethereum Open Interest Surges To Highest Value In Last 4 MonthsAs pointed out by an analyst in a CryptoQuant post the ETH futures market has seen the leverage sharply going up recently.The 8220open interest8221 is an indicator that measures the total number of Ethereum futures contracts currently open in all derivatives exchanges.When the value of this metric rises up it means investors are opening up more positions on the market right now. Since more futures positions imply that leverage is also going up in the market such a trend can lead to higher volatility in the price of the coin.On the other hand lowering values of the indicator suggest holders are closing up their positions at the moment. This kind of trend can result in a less volatile value of ETH.Now here is a chart that shows the trend in the Ethereum open interest over the course of 2022 so farLooks like the value of the metric has shot up in recent days Source CryptoQuantAs you can see in the above graph the Ethereum open interest has observed some sharp uptrend during the past couple of weeks.The indicator has now reached a value of 7.4 billion the highest it has seen during the last four months. However there is an interesting comparison here.Around 4 months ago when such values were previously observed the price of ETH was about 3.3k. But today the price is just 2k around 1.3k less than it was back then.And yet the open interest is at the same level meaning the Ethereum market might be having the same degree of leverage this time as well while the price is much lower.When especially high leverage accumulates in the futures market any sharp swing in the price can liquidate a large number of positions at once. These liquidations then further amplify this price move which liquidates more positions.In this way liquidations can cascade together and the event is called a 8220liquidation squeeze.8221 This is the reason behind the volatility of an overleveraged market.If a long squeeze does end up taking place this time then the latest rally in the value of ETH may hit the breaks.ETH PriceAt the time of writing Ethereums price floats around 1.9k up 5 in the past week.The value of ETH seems to have gone up during the last few days Source ETHUSD on TradingViewFeatured image from Kanchanara on charts from

Read in the source

Share this page

馃憫 Collect a daily bonus of 10 Crowns every day for free! Collect the bonus on the personal page of the Crowns
馃敆 Join our referral program and earn 小rowns together! Invite your friends to our friendly community

Crypto Overview Show morenavigate_next

USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

Crypto News Show morenavigate_next

The Australian fintech company has seen a surge in investors wanting a less risky version of doubledigit crypto returns.

Its not just scalability could a new smart contract development paradigm be the key to unlocking mainstream DeFi

Unknown BAYC NFT160owner 8220s278221 recently lost around 570000 in NFTs. This was after he swapped his BAYC NFT and two Mutant Ape Yacht Club MAYC tokens for counterfeit NFTs that were cleverly disguised as real. A 8220bubble gum ape8221 was among the NFTs that went missing. The user claimed to have completed the swap via 8230

Since January Bitcoin ATM installations have seen a gradual slowdown eventually falling 89.75 from December 2021s 1971 new installations.

On Sunday Colombia elected Gustavo Petro as the new president. He will be the first leftist president in the countrys history. Apart from attention to climate change social inequality and peace in the country Petro also expressed approval for Bitcoin adoption.Petro will replace conservatist president Ivn Duque Mrquez on August 7. Petros vicepresident will be human and environmental rights activist

The post GAMEIN Token Private Sale Is Live Biggest Crypto Project Of 2022 appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideGameInfinity a muchawaited Web3 gaming and inGame NFT project has announced the private sale of native token GAMEIN token. 4 of the Total Supply will be distributed to the Whitelisted users starting from 4th Feb 2022.GAMEIN token is a BSCbased BEP2

Bitcoin prices have appreciated over the last few days rising more than 4 in less than 24 hours. Analysts cited multiple variables when explaining this latest appreciation.

Los Angeles United States 11th May 2022 Chainwire Renowned and respected feminist artist Lina Valentina is preparing to launch her first NFT series. Under the No More banner the collection will solidify womens position within the Web3 environment and denounce domestic violence. The name Lina Valentina is synonymous with the artistic scene across New York

Legendary investor Bill Miller compared Bitcoin to an insurance policy noting that it may lack intrinsic value but duly comes in handy in case of a catastrophe.Miller said he still holds a significant portion of Bitcoin in his portfolio.BTC price climbed above 45000 on Thursday jumping above the resistance level amid high volatility in the market.Bitcoin is what investors need to hedge against fin

The hackers hijacked the popular reporters account in an attempt to promote giveaways for the Skulltoons NFT project by duping users into clicking a malicious link.

Trading cryptocurrencies can be a quite challenging risky and arduous endeavor. Not only is there a steep learning curve to go through but also the fact that traders tend to make mistakes that can be avoided.The decisionmaking aspect of trading is absolutely critical and automation tools continue to gain quite a lot of momentum in this regard.What are the Risks of Manual Cryptocurrency TradingWhen

Circle announces USDC is arriving on Polygon 4 months ago

Circle the issuer of USDC announced that it will support Polygon USDC on Circles payments platform starting today making Polygon USDC the first bridged USDC version and allowing developers to build more seamlessly.The new bridge will provide easier access to Polygon USDC from Circle accounts and allow developers who are building on Circle to automate flows from fiat into Polygon USDC. With that it

The sector has been here before and well capitalized and efficient miners will do just fine said White Rock CEO Andy Long.

In another mostly down week for top cryptocurrencies Ethereum showed signs of life as The Merge draws near.

How to Buy Fantom | Where, How and Why 8 months ago

Looking to learn how to buy Fantom Youre in the right placeIn the last years several blockchain networks have arisen to outperform Ethereum ETH the secondlargest cryptocurrency. Fantom is one such network that aims to be a better version of Ethereum ETH by delivering a wide range of benefits. According to its official literature its mission is to grant compatibility between all transaction bodies