Banano the fun themed meme coin is turning 4 years old ! Goes to show that a small cap projects can be solid enough to have a whole ecosystem and active development without trying to become a "moonshot". Goes to show that a good community with wholesomeness is more important than price action. Small example…
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On-chain data shows Bitcoin investors have been afraid to take risk recently as the leverage ratio has remained low in the last few days. Bitcoin Leverage Ratio Remains Low In Past Few Days As pointed out by an analyst in a CryptoQuant post, investors haven’t taken much risk since the surge in the crypto’s price a few days back as leverage in the market is low at the moment. A relevant indicator here is the “open interest,” which shows the total amount of Bitcoin futures contracts currently open on all derivatives exchanges. The “estimated leverage ratio” is a metric that’s defined as the ratio between this open interest and the total amount of coins present on all derivatives exchanges (exchange reserve). What this ratio tells us is the average amount of leverage that each Bitcoin futures investor is currently making use of. When the value of the indicator is high, it means users are taking on a lot of risk right now. Such values can result in higher price volatility. Related Reading | Glassnode’s RHODL Ratio May Suggest Bitcoin Market Is Near Capitulation On the other hand, low values of the ratio indicate investors aren’t using much leverage currently as they look to avoid risk. Now, here is a chart that shows the trend in the Bitcoin leverage ratio over the past few days: Looks like the value of the metric is low at the moment | Source: CryptoQuant As you can see in the above graph, the Bitcoin leverage ratio had a high value a few days back, but the sharp uptrend in the crypto’s price brought it back down as it liquidated shorts. Since then, the indicator’s value has remained at these low levels. The open interest, on the other hand, is still at a high value, implying investors have still been opening new positions in the market. Related Reading | Time To Be Fearful? Bitcoin Index Reaches Greediest Point Since Peak These new positions, however, have low average leverage attached to them as the ratio suggests. This shows that investors have been unsure about the crypto recently, opting to take less risk. The chart also shows the curve for the funding rates, an indicator that tells us about the ratio of longs and shorts in the market. Currently, the metric seems to be positive, which means there are more long positions in the market. BTC Price At the time of writing, Bitcoin’s price floats around $47k, up 10% in the past week. The below chart shows the trend in the price of the coin over the last five days. BTC’s price seems to have moved sideways in the last few days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
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The firm previously said its reserves would be in cash and treasuries.
How to save a seed in the open with the means to retrive it anytime. Find a book that contains your seed words A seed word becomes the page number + word number on that page, Save the book online in multiple place, Save the numbers without fear wherever you want only you know the…
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Why do you think there's such a hard push against proof of work? Would media conglomerates push a "bad for the environment" narrative if it didn't serve some kind of purpose? These are the same people who continue to refute climate change because the owners profit from oil extraction. Proof of stake is not a…
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Snoop Dogg and Clay Nation just announced their NFT collection to be launched on Cardano on April 5th It's official: @SnoopDogg & @champmedici will partner with Clay Nation to bring you iconic collectibles, unreleased music, & limited edition ‘pitches’. Join Snoop, Champ & @IOHK_Charles & @The_ClayMates on April 5 | 18.00 UTC ☎️ @InputOutputHK @Cardano…
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On March 26, the Luna Foundation Guard (LFG) held 24,954.95 bitcoin and during the last five days, LFG’s bitcoin wallet accumulated 5,773.02 bitcoin. At the time of writing, LFG’s wallet now holds 30,727.97 bitcoin worth more than $1.4 billion using today’s exchange rates. In a relatively short period of time, LFG’s bitcoin wallet is up […]
