Pag-unawa sa sentimento ng mamumuhunan sa pamamagitan ng Bitcoin leverage ratio

The estimated leverage ratio for Bitcoin futures, defined as the ratio of the open interest in futures contracts to the balance of the corresponding exchange, is a barometer for gauging the degree of leverage that traders employ in their positions. Analyzing this ratio, especially for a high-volatility asset like Bitcoin, provides invaluable insights into the behavior and strategies of investors in the digital currency market.  The leverage ratio is significant as it reflects the average leverage level that all Bitcoin futures traders are using. A high leverage ratio indicates that traders borrow heavily to trade, which can amplify gains and losses. Conversely, a low ratio suggests a more cautious approach, meaning that traders are reducing their reliance on borrowed funds. This dynamic can significantly influence the stability and volatility of the Bitcoin market.  analysis of Bitcoin futures estimated leverage ratio in 2023 reveals exciting trends.  Graph showing the estimated leverage ratio for Bitcoin futures in 2023 (Source: Glassnode)  Initially, the year started with a higher leverage ratio, but a clear downward trend was evident as the months progressed. The ratio decreased significantly from January to April, reflecting a shift toward risk aversion. This could be attributed to factors such as market volatility, changes in

2023-12-07Industriya

Ang OKX Ventures ay Sumali sa Ethereum Climate Platform sa Web3 Sustainability Initiative

OKX, a renowned cryptocurrency exchange and Web3 technology firm, OKX Ventures, declared its commitment to sustainability and decarbonization within the Web3 ecosystem. OKX Ventures has officially become a launch partner for the Ethereum Climate Platform (ECP), emphasizing its dedication to environmental responsibility.  Following the groundbreaking Ethereum merger, the ECP emerged as a platform seamlessly integrating Web3 features with conventional climate financing, infrastructure, and services. The platform, initiated to combat Ethereums carbon emissions in 2015, seeks to leverage Web3 innovation for mobilizing climate solutions.  OKX Ventures joins the coalition of firms dedicated to accelerating decarbonization and enhancing climate action through innovative technologies and the development of digital environmental assets. The OKX Web3 team plays a pivotal role in this effort, focusing on reducing greenhouse gas emissions and creating long-term benefits for society and the environment. OKX adopts a stringent “proof of reserves” approach, using blockchain technology to record and verify crucial indicators.  Consensys and climate tech company Allinfra are facilitating the launch of the Ethereum Climate Platform, collaborating with industry heavyweights such as Microsoft, Polygon, and the NEAR Foundation.  OKX Ventures and Web3 Partnership  OKX Ventures and Web3 are partnering significantly with the Ethereum Climate Platform. This collaboration aligns with Jeff Rens dedication to social responsibility

2023-12-07Ethereum

Tumalon ang ATOM sa Itaas sa $10, Nagpapakita ng Breakout

Cosmos price has recovered the gains and is heading to register a breakout above the prompt hurdle of $10.20, where buyers are looking aggressive, and sellers are trying to protect the region from being splitted. ATOM price is entering into a bullish trajectory, and if it succeeds in escaping the supply zone, it will lead to a sharp bounce, and ATOM will reach the swing of $12 in the upcoming trading sessions.  Cosmos price has justified a meaningful recovery from the lows and noted a V-shaped reversal, indicating bullish momentum on the chart. Moreover, the ATOM price is trading beyond the key moving averages and is climbing the gains in the bullish territory. Furthermore, the ATOM price has persisted in forming higher high swings and replicated the bulls dominance.  The live price of Cosmos (ATOM) is $10.17, with an intraday gain of 5.97%, showing bullishness on the chart. Moreover, the trading volume increased by 5.67% to $237.54 Million. However, the pair of ATOM/BTC is at 0.000231 BTC, and the market cap is $3.36 Billion. Analysts have maintained a bullish rating and suggest ATOM price will continue to skyrocket and may reach the bluesky zone above $12 soon.  Cosmos on Daily Chart Displays Double

2023-12-07Industriya

Nangibabaw ang Bitcoin sa merkado ng crypto

As bitcoin manages to break through the $40,000 level and push on to $42,000, the altcoins are put on hold as the king of the cryptocurrencies dominates the scene.  Bitcoin pauses below $42,000  When bitcoin hit $42,000 on Monday, a sharp rejection was perhaps warranted, given that the alpha cryptocurrency experienced a strong move upwards all the way from $37,500. There has been a rejection, but not a decisive one, at least so far.  Instead, bitcoin looks to be gathering itself once again. Is another stair step higher going to come over the next few days and weeks? $48,000 is seen by many as the most likely target for bitcoin, given that this is the area of the golden 0.618 fibonacci.  All paths lead to the 0.618 fibonacci  As can be seen in the chart, bitcoin is right now up against the 0.5 fibonacci, and also some tough resistance. If bitcoin can defeat this level, just like it has done to all the previous ones, $48,000 is the next logical target, and maybe the end of the road where some potential major retracement can take place.  Bitcoin dominance sucks value out of altcoins  Pinagmulan: Pangangalakal sa Pagbebenta  Mondays domination of the crypto market was the biggest spike in

2023-12-07Industriya

Ang mga alingawngaw ng pagbebenta ng Ethereum ng 3 institusyonal na higante ay nakakakuha ng traksyon

Ethereum (ETH) reached its yearly high of $2,310 per token on December 6. Amidst this surge, institutional giants deposited 19,822 ETH ($45.2 million) to cryptocurrency exchanges.  Notably, Galaxy Digital, Celsius, and FTX have signaled their intention to sell a relevant part of their stacks. gathered this data from known crypto wallet addresses of these giant institutional investors.  Moreover, Celsius and FTX have been constantly selling Ethereum and other tokens in 2023. Both companies filed for bankruptcy during the cryptocurrency bear market, which demanded these liquidations.  However, Galaxy Digital is still operational under Mike Novogratzs leadership. Novogratz became known for his support of the collapsed Terra (LUNA) and a remarkable LUNA body tattoo.  Institutional Giants ETH activity  Galaxy Digital made three separate transactions, depositing 9,179 ETH to Binance at an average rate of $2,278, resulting in $20.9 million moved. Despite this sizable transfer, Galaxy Digitals wallets continue to hold 10,038 ETH, valued at approximately $22.8 million.  Galaxy Digital on-chain portfolio. Source:  Celsius Networks activity was also notable, as it transferred 7,500 ETH at $2,273 each to a Coinbase intermediate address identified as 0xc45, cumulating $17.05 million.  Since November 14, Celsius has moved a total of 44,769 ETH, tallying up to $94.7 million. Of this total, 37,269 ETH have already

2023-12-07Ethereum

SEC Extends Deadline for Decision on Grayscales Spot Ethereum ETF

Balita ng Ethereum ng Bitcoin  The United States Securities and Exchange Commission (SEC) has extended the deadline for its decision to approve or disapprove a spot Ethereum exchange-traded fund (ETF) for Grayscale Investments, one of the worlds leading crypto asset managers.  According to an official document, the SEC will make its decision by January 25, 2024, a 45-day extension from the initial deadline of December 11, 2023.  SEC Delays Spot Ethereum ETF Decision  Grayscale filed an application with the SEC to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum ETF in early October, becoming the fifth firm to do so after VanEck, HashDex, Galaxy/Invesco, and Ark Invest/21Shares.  Following the asset managers application, the New York Stock Exchange (NYSE) Arca submitted a proposed rule change with the SEC to list and trade shares of the crypto product on its platform. In turn, the U.S. regulator published the proposed rule change for comment from the public in late October.  As the period for public comments has ended, the SEC has decided to designate a longer period to determine if the proposed rule change allowing the NYSE Arca to list the shares of the ETHE should be approved or disapproved.  “The 45th day after publication of the notice

2023-12-07Ethereum

This crypto stock will destroy short sellers

Following a recent surge that propelled Bitcoin (BTC) to an 18-month high exceeding $44,000, the cryptocurrency market is once again ablaze with bullish momentum.  Beyond the primary digital assets, this rally is notably benefiting crypto-related stocks, particularly those of publicly listed Bitcoin mining firms.  One stock that could particularly capitalize on this uptrend is Riot Blockchain (NASDAQ: RIOT), the largest public crypto mining company.  Amidst these developments, a popular chartist has boldly declared that crypto mining stocks are poised to “destroy short sellers,” underscoring the optimism surrounding their anticipated upward trajectory in the current market cycle.  Why could RIOT stock surge in price?  In his December 5 analysis post, cycle forecaster and chartist published an interesting chart showcasing several factors that could drive Bitcoin mining stocks, particularly RIOT, to new highs.  Most notably, the analyst pointed out that RIOTs shares are ever closer to breaking out of a long-term descending trend line from the bull market peak reached in 2021. A successful breakout may lead to a significant price jump, he said.  “Miners are going to destroy short sellers! Were so close to breaking out of the long-term descending trend line from the cycle peak in 2021! Expect some serious movement upwards once that happens.”  Additionally, the structure

2023-12-07Industriya

Ang Walmart CEO Doug McMillon ay nagsasalita tungkol sa deflation

Holiday shoppers are turning to for groceries and gifts, but CEO Doug McMillon said its hard to predict how sales will look in the months after the peak shopping season.  In an interview with Sara Eisen that aired Wednesday on CNBC‘s “Squawk on the Street,” the leader of the world’s largest retailer said higher credit card balances and dwindling household bank accounts raise questions about how much consumers will spend — even after they showed more resilience than expected this year.  “If we had been talking last spring or at the beginning of last year, I expected more softness by this time of the year than we‘re actually experiencing,” he said. But, McMillon added, “next year’s a different story.”  Deflation in some items is creating a new dynamic for Walmart, McMillon said. In general merchandise, the category that includes electronics, toys and other nonfood items, prices have dropped by about 5% compared with a year ago, he said.  For example, this holiday season Walmart has 25 toy items under $25, including a Hot Wheels car for $1.18, McMillon said.  Prices in food categories are about where they were a year ago, though fresh foods tend to fluctuate, he said.  McMillon said the company has seen the

2023-12-07Industriya

Inaantala ng SEC ang Grayscale Ethereum ETF, Kinukumpirma ang Pagtanggap ng BlackRock ETH Fund

Balita ng Ethereum ng Bitcoin  The Security and Exchange Commission today said that it will need more than 45 days to evaluate a rule change that would allow Grayscale to convert its Ethereum trust into an Ethereum spot ETF. The new deadline is January 25, 2024.  The news comes as the regulatory body received notice from investing giant BlackRock that its pending Bitcoin spot ETF has already drawn $100,000 in seed funding from an undisclosed investor.  For Grayscale, the decision comes two weeks after the SEC delayed a separate request from the crypto asset manager to evaluate its proposal for an Ethereum futures ETF. That application was submitted in September.  The reason given in both cases was the same.  “The commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” reads the SECs official notice today.  That is, word for word, the same explanation the SEC provided last month.  As for BlackRock, its amended Form S-1 registration for its iShares Bitcoin Trust includes disclosure of a “seed capital investor” thats affiliated with BlackRock. The unnamed investor purchased 4,000 shares at a

2023-12-07Ethereum

Umiinit ang lahi ng Ethereum spot ETF: Ang cohort na ito ay nangangailangan ng interes

ETH traders were getting greedy.  Ethereum [ETH] was a bit late to the party. But as they — better late than never!  Since the entry of TradFi giants like BlackRock and Fidelity into the spot ETH ETF race, the second-largest asset digital asset has exhibited immense bullish potential.  Over the last month, ETH accumulated gains of more than 16%, AMBCrypto spotted using CoinMarketCaps data.  Institutional inflows into ETH jumps  These recent developments spiked institutional interest in ETH, which until very recently, was failing to attract substantial inflows when compared to Bitcoin [BTC].  The futures basis for Ethereum on global derivatives giant Chicago Mercantile Exchange (CME) was higher than BTC, as per a recent X (formerly Twitter) post by popular on-chain analyst Will Clemente.  Kawili-wiling makita ang futures na batayan para sa ETH sa CME ay nakikipagkalakalan na ngayon sa 5% na premium sa batayan para sa BTC at ang bukas na interes para sa ETH sa CME ay nagsisimula na ngayong kunin pagkatapos mahuli ang BTC.  Mga maagang palatandaan ng tradfi na nagsisimulang umikot sa kalakalan ng ETH ETF?   — Will (@WClementeIII) Disyembre 4, 2023  For the curious, futures basis refers to the difference between the futures price and the spot index price. When the basis is positive and

2023-12-07Ethereum
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