So I've been waiting for a transfer from an exchange to my wallet for a few hours. Transaction on the exchange shows processing and 0/XX confirmations. Block explorer for the transaction says 'transaction not found'. Am I just being impatient? Also, this is my first post here. Can I post tshirts? submitted by …
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How often has the ethereum network gone down or run into problems (besides gas fees and theDAO)? As much as people like to compare it to SOL, I've read in an article that it has had some network issues in the past but I don't know where to look for where this happened https://river.com/learn/bitcoin-vs-ethereum/ (Keep…
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On-chain data shows Bitcoin open interest has reached dangerously high values, a sign that a leverage flush may be coming soon. Bitcoin Open Interest Rises To High Values As pointed out by an analyst in a CryptoQuant post, the BTC open interest has now reached values where mass liquidations have taken place in the past. The “open interest” is an indicator that measures the total amount of BTC futures positions currently open on derivatives exchanges. The metric accounts for both long and short positions. When the value of the metric is low, it means investors aren’t using much leverage right now. Such values usually result in low volatility in the price of Bitcoin. On the other hand, high values of the indicator suggest that futures contract users are currently using a high amount of leverage. This situation can lead to high volatility in the market as big price swings can result in a liquidation squeeze. Related Reading | Exchange Whale Ratio Suggests Bitcoin Dump Incoming Now, here is a chart that shows the trend in the BTC open interest over the past year: The indicator’s value seems to be on the rise recently | Source: CryptoQuant As you can see in the above graph, value of the Bitcoin open interest looks to be climbing up in the last few weeks. The quant has marked in the chart the previous times the indicator showed similarly high values. It’s clear that at some point after reaching these values, the metric has had a sharp decline. The sudden decrease in the open interest implies that a leverage flush took place at those times. Such a squeeze happens when liquidations cascade together in response to a swing in the price of Bitcoin. During such leverage flush incidents in the period of the chart, the price of the crypto also seems to have crashed alongside it. This means that those previous liquidations mostly involved long positions. Related Reading | Why Did China Ban Bitcoin Mining? Here Are The Seven Leading Theories Since the market seems to be overleveraged right now as hinted by the open interest values, it’s possible a similar liquidation event could take place in the near future. BTC Price At the time of writing, Bitcoin’s price floats around $46.7k, down 5% in the last seven days. Over the past month, the coin has lost 12% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price seems to have struggled in the last few days | Source: BTCUSD on TradingView In the past week, Bitcoin seems to have again started consolidating in the $45k to $50k range. It’s unclear at the moment when the coin may escape this sideways movement, but if the open interest is anything to go by, a liquidation event may happen soon. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
ID, PAC and RVN lead the altcoin breakout, while Bitcoin price targets new lows below $46,000.
Hi Can you any one share a oc settings with how many mhs submitted by /u/CryImpressive9299 [link] [comments]
submitted by /u/Confident_Holder [link] [comments]
Less than 20 days ago, the German multinational sneaker and sportswear corporation Adidas launched the company’s Adidas Originals non-fungible token (NFT) collection and since then the NFT compilation has surged into the top 50 NFT collections in terms of sales. Adidas NFT Collection Sees Significant Demand in Less Than 20 Days At the end of […]
Hello fellow crypto enjoyers. We all know the rules of crypto investments. One of those rules, for the new people around here, is « You shall only invest what you are not afraid to loose ». But realistically, we all know there’s a lot of people that invest a lot more than what they can…
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The tool is written in Python and aims to solve, what I consider to be two main issues when DCAing: It enables you to select any number of coins and the interval you wish to DCA automatically It provides detailed performance reporting for each coin DCAd. I always found it strange that some exchanges don't…
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ZK rollup solution to reduce the gas fees and improve transactions is something that I'm really bullish on. I've been in MATIC since it was worth only a quarter of a dollar and I support the project wholeheartedly. Right now, MATIC Polygon is sweating like a pig on a roast, because one one small blockchain…
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