Stabilization of Bitcoin price aligns with equilibrium in Bitfinex interest positions

2024-8-22 11:30

Onchain Highlights

DEFINITION: Analyzing Bitcoin price in relation to Bitfinex long and short interest

Bitcoin’s price and total long and short interest show a strong correlation over the past 12 months. As depicted in the chart below, Bitcoin’s price experienced a significant increase from October 2023 through March, coinciding with notable shifts in long and short interest.

A sharp decline in long interest in December 2023 was followed by a relatively flat price until late January to early February when the market observed a steady recovery in long positions. However, the data shows this was short-lived as long interest began declining along with Bitcoin’s climb to a new all-time high in March.

The subsequent stabilization of Bitcoin’s price in the $60,000 range since July coincided with a flatlining of long and short interest, suggesting a period of relative market equilibrium. This data indicates that shifts in market sentiment, reflected in long and short positions, may be key drivers of Bitcoin’s price movements during this period.

Bitcoin Price and Total Long and Short Interest: (Source: datamish)

The post Stabilization of Bitcoin price aligns with equilibrium in Bitfinex interest positions appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin Interest (BCI) на Currencies.ru

$ 0 (-1.38%)
Объем 24H $0
Изменеия 24h: 0.44 %, 7d: 1.22 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 18.327m BCI

interest price bitcoin long short bitfinex total

Источник: cryptoslate.com

interest price → Результатов: 126


Bitcoin’s Open Interest and Money Flow Suggests a Strong Pump is Imminent

Following an extended period of rangebound trading within the upper-$6,000 region, Bitcoin now appears to have entered yet another bout of consolidation around its current price of $6,100. Although it remains unclear as to whether or not Bitcoin’s current market structure is bullish or bearish, there are a few fundamental factors that may suggest a...

2020-3-29 20:00


Bitcoin price spikes 10% in minutes as Federal Reserve cuts rates to zero

While Bitcoin was born independent of traditional finance, events taking place on Wall Street have become increasingly important to the cryptocurrency. This was proven today when the Federal Reserve made history, cutting its policy interest rate to zero percent, meaning that banks need to pay nothing to borrow money from the American central bank.

2020-3-16 01:51


Фото:

Cryptocurrency Wallet Adoption Has Tripled in Three Years

In general, the adoption of Bitcoin and other cryptocurrencies has been in an upward trend, one that has been far from uniform. Interest has spiked alongside price in what is known as a Satoshi cycle, while institutional interest in blockchain has also only recently taken off, especially during the 2018 bear market when the price […] The post Cryptocurrency Wallet Adoption Has Tripled in Three Years appeared first on BeInCrypto.

2020-2-22 03:10


Фото:

Bitcoin Price Dip Due to Low Interest From Wall Street?

While January proved to be an uncharacteristically productive beginning of the year for Bitcoin, the early days of February have seen the major cryptocurrency drop $450 since topping $9,600. This downward trend has thrown some who were predicting a bullish breakout, but perhaps it is down to Wall Street’s lack of interest, as recently demonstrated […] The post Bitcoin Price Dip Due to Low Interest From Wall Street? appeared first on BeInCrypto.

2020-2-5 07:32


Despite Bitcoin Price Surging, Google Search Volume Is Trending Down

During the crypto hype bubble that rocketed Bitcoin and Ethereum into the public eye, making them household names and causing their values to reach all-time highs, the surge in prices was accompanied by a surge in search interest of people scrambling to find out what all the fuss was about, and to learn more about... The post appeared first on NewsBTC.

2020-1-18 20:30


Bitcoin Futures Volumes Explode After Price Swing

The Bitcoin (BTC) futures market reawakened in early 2020, following more active price action on the spot markets. Across the board, leading futures trading platforms saw significant growth. Bitcoin Futures Volumes and Open Interest Peak as Prices Move Bitcoin futures bet on the price direction, and open interest as well as trades increased with the promise of higher volatility.

2020-1-9 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

FTX agrees to $228m settlement in ByBit lawsuit

The FTX bankruptcy estate has agreed to a $228 million settlement with crypto exchange Bybit and its investment division Mirana, as part of its efforts to recover assets for its creditors. According to an Oct. 24 filing, the FTX bankruptcy…