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Заголовок Bitcoin Open Interest Sets New $20 Billion Record, Will This Prevent A Run To ATH?
Дата 20241018

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Open Interest Sets New $20 Billion Record, Will This Prevent A Run To
ATH?

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Open Interest Sets New $20 Billion Record, Will This Prevent A Run To
ATH?

by Keshav Verma

3 mins ago

in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News

0

Data shows the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Open Interest has seen a surge to a new all-time high
(ATH) recently, a sign that volatility could be brewing for BTC.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Open Interest Has Been Going Up Recently

As pointed out by CryptoQuant founder and CEO Ki Young Ju in a new post on X,
the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Open Interest has just set a new record. The Open Interest
here refers to an indicator that keeps track of the total amount of
BTC-related derivatives positions that are open on all centralized exchanges.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Exchange Exodus: Investors Withdrew $24 Billion In
BTC Over Last 8 Months

Below is the chart shared by Young Ju that shows the trend in this metric over
the last few years:

The value of the metric appears to have been heading up in recent days |
Source: @ki_young_ju on X

As is visible in the graph, the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Open Interest has been on the rise
recently, which suggests that the investors have been opening fresh positions
on the market. Following the latest continuation of the increase, the
indicator has hit a value of $20 billion, which is a new record. As for what
this high could mean for the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s price, a high Open
Interest
is generally followed by sharp volatility in the asset.

On paper, this volatility can take the coin in either direction, but from the
graph, it s apparent that peaks in the indicator have, in fact, usually
led to tops for the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.

The source of the volatility is usually mass liquidation events, which can be
probable to take place when the market has a large amount of positions with
high leverage involved.

In another X post , the CryptoQuant CEO shared the data for the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Estimated Leverage Ratio , which basically tells us about the average amount
of leverage that users are currently opting for.

Looks like the value of this metric has also been rising recently | Source:
@ki_young_ju on X

The Estimated Leverage Ratio is calculated as the ratio between the Open
Interest
and the total exchange reserve of the underlying asset. In the
current case, Young Ju has posted the version of the indicator that tracks the
positions that have Tether s stablecoin, USDT, as the collateral.

While this certainly doesn t cover the entire market, this version of
the metric can still provide us with a hint of the general trend being
followed by traders as a whole.

Related Reading: Dogecoin Jumps 10% Just As 106,600 Holders Give Up On DOGE

As displayed in the above graph, the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Estimated Leverage Ratio for the
USDT pair has shot up recently, which implies the investors have increased
their appetite for risk.

Thus, with all this leverage involved, BTC could truly be at risk of seeing a
volatile explosion. Considering that these new positions that have been
popping up could be long positions, the traders betting on a bullish outcome
may once again be the ones to get caught up in the volatility.

BTC Price

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin had crossed above the $68,000 level yesterday, but the asset appears
to have seen a pullback since then as it s now down to $67,200.

The price of the coin appears to have been riding an uptrend over the last few
days | Source: BTCUSDT on TradingView

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

============= Итог: 3,1990 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin


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