Bitcoin Futures Market Overheating Again, Volatile Storm Ahead?
Submitted by Anonymous (not verified) on Thu, 10/12/2023 - 00:00Data shows the Bitcoin futures market is starting to overheat again, which could lead to higher asset price volatility.
Data shows the Bitcoin futures market is starting to overheat again, which could lead to higher asset price volatility.
Data shows the Bitcoin open interest has continued to climb recently, a sign that another violent move may be brewing for the asset.
Data shows the Bitcoin Open Interest has dropped by 25% following the crash to levels below $26,500, the largest drop in around 1.5 years.
The Bitcoin price has dipped below the $30,000 level after the coin’s on-chain data displayed signs of overheating in the futures market.
On-chain data shows the Bitcoin open interest has been rapidly going up with the price, a sign that a long squeeze may be brewing in the market.
On-chain data shows the Bitcoin estimated leverage ratio has risen recently, a sign that a volatile move may be coming soon for the asset.
Bitcoin open interest has been on a steady decline since last week.
Bitcoin funding rates have been on a bearish trend in recent months.
On-chain data shows both the Bitcoin leverage ratio and the futures open interest has spiked up recently, a sign that may turn out to be bearish fo
Bitcoin had recovered to $22,000 last week to the surprise of investors.
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