Ethereum Open Interest Declines Across Exchanges, Binance Stands Out — Details
For most of the week, the Ethereum price has remained in a range-bound spell, putting in no significant movement outside of the $3,000 and $2,880 price boundaries. Amid rising speculations, an on-chain analysis has recently been put out, which provides an answer to the question. Open Interest Across Exchanges Falls To $17 Billion In their…
Ethereum Futures Volume Hits Highest Level On Binance Since Mid-December — Details
Over the week, Ethereum struggled to sustain any significant move to the upside. Although the second-largest cryptocurrency reclaimed the $3,300 price level, it could not break above $3,400 to continue its path towards higher price levels. As it stands, it appears that the Ether token is taking on a short-term bearish structure. However, an on-chain…
Ethereum Exchange Supply Just Crashed To New Lows, Why This Is Bullish For Price
CryptoQuant has released a new report, highlighting a significant shift in Ethereum’s exchange supply dynamics and institutional behavior. According to the data, the amount of ETH held on crypto exchanges has crashed to unexpected lows. The decline coincides with growing institutional accumulation, a trend often viewed as an early signal of a bullish price outlook.…
Bitcoin Bullish Structure Weakens As Inter-Exchange Liquidity Touches Red Zone – Details
The Bitcoin market is experiencing a gradual trend reversal following weeks of prolonged price correction between October and November. However, recent on-chain data reveals a concerning trend around BTC’s bullish structure. Bitcoin IFP Indicator Suggests Market Has Reached Turning Point Popular analytics page Arab Chain has shared a cautionary insight on the Bitcoin market despite…