Context: it was a discussion regarding this tweet I was under the impression that Vitalik's influence over the direction Etherum is heading has only grown, not diminished. Can a few people from this community advise me on whether or not the claim in the title is true or false? This revelation somewhat blindsided me because…
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Was it EVERGRANDE ? WAS IT CHINA THIS TIME ? Was it because it was a full moon ? It was the FED and interest RATES! No no it was because They are Trying to liquidate Michael Saylor!! Again, always some crazy conspiracy or wild reasoning as to why the market is down… it’s time…
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On-chain data shows the Bitcoin funding rates have observed a rise again, suggesting that another long squeeze may be in store for the crypto. Bitcoin Funding Rates Show Relatively High Positive Value As explained by an analyst in a CryptoQaunt post, the current positive funding rates may mean the price could observe a decline soon. The “funding rate” is an indicator that measures the periodic fee that Bitcoin futures traders are paying each other. When the value of this metric is greater than zero, it means long traders are paying a premium to short investors to hold on to their positions right now. This trend therefore suggests that the majority sentiment is bullish at the moment. On the other hand, negative values of the indicator imply that a bearish sentiment is more dominant as shorts are paying longs currently. Now, here is a chart that shows the trend in the Bitcoin funding rates (72-hour MA) in the year 2022 so far: Looks like the value of the metric has surged up recently | Source: CryptoQuant As you can see in the above graph, the quant has marked the points where the Bitcoin funding rates reached a peak during the last few months. It seems like shortly after relatively high positive funding rates occurred, the price of the crypto observed a steep decline. Related Reading | Five Months Of Fear: When Will The Bitcoin Carnage End? A long squeeze is a mass leverage flush event where long liquidations cascade together. Such a squeeze can sharply drive the price down and the above instances seem to have been marked by this squeeze. A short squeeze, on the contrary, can rather uplift the price. The analyst therefore argues that the Bitcoin market will require negative funding rates if the price has to observe any real improvements. However, as longs are currently dominating the futures market, a long squeeze will need to happen to take the funding rate down and pile up shorts. Related Reading | Bitcoin Institutional Outflows Near One-Year Highs, More Downside Coming? But with that, the price of the crypto may also suffer another plunge down just like the instances earlier in the year. BTC Price At the time of writing, Bitcoin’s price floats around $39.5k, down 1% in the last seven days. Over the past month, the crypto has lost 15% in value. The below chart shows the trend in the price of the coin over the last five days. The price of BTC seems to have observed a sharp rise in the past twenty-four hours | Source: BTCUSD on TradngView Bitcoin has been struggling for many months now and the price has recently shown no signs of any real recovery as it remains stuck below the $40k level. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
I realized recently that I overinvested. I own about 15 coins. BTC is 33% of my portfolio, LUNA 26, SOL 13, ETH 11 and the rest is some other coins. I realize now, that I have overinvested. Meaning, according to the rule of "invest what you can afford to lose" I am probably 50% over…
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I'm helping a friend attempt to recover some ETH wallets that were staked on the prysm network. We've managed to recover the accounts using the prysm software but I don't see anywhere how to determine the balance of the accounts using the prysm software. What am I missing? Do I just need to load these…
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ETH derivatives metrics and technical analysis point toward further downside for Ethereum price.
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According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now holds 80,394 bitcoin in its reserves currently worth just under $3 billion using today’s exchange rates. Luna Foundation Guard Scoops up 37,863 Bitcoin On May […]
During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives.
