Ethereum open interest peaks, a crash may be imminent
Ethereum futures open interest has hit a new all-time high, but data shows that this feat is usually accompanied by a plunge in ETH price.
JinseFinanceEthereum futures open interest has hit a new all-time high, but data shows that this feat is usually accompanied by a plunge in ETH price.
JinseFinanceThe sell-off triggered panic among investors, with market participants locking in actual losses of around $1.38 billion. In absolute terms, this was the 13th largest event in history in terms of U.S. dollars.
JinseFinanceInvestors have waited 10 years for the now-bankrupt cryptocurrency exchange Mt. Gox to announce that it will repay creditors nearly $9.5 billion in Bitcoin by this October, which could put short-term selling pressure on Bitcoin.
WeatherlyMatthew Hyland says volatility is now almost a given, whether the price of Bitcoin rises or falls, as observed by Bitcoin Price Tool Signals.
JinseFinanceA sharp fall in the cryptocurrency's price in May and June appears to have coincided with the increase in wallet addresses holding more than one Bitcoin.
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