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Bitcoin whale ratio rises as leverage continues to rise

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On-chain data shows that the Bitcoin whale has been on the rise lately, as market leverage has remained around an all-time high.

Bitcoin Whale and leverage ratios are around ATHs right now

As pointed out by an analyst at CryptoQuant MailCurrently, Bitcoin investors are participating in some high-risk trading in the futures market.

The “whale exchange ratio“It is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows.

Since the top ten transfers to exchanges are supposed to be from whales, this metric tells us whether or not whales are active in the market right now.

When the ratio value is high, it means that whales are making a significant contribution to exchange flows at the moment.

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Now, here’s a chart showing the trend in the bitcoin whale percentage over the past few years:

The percentage of whale in the bitcoin exchange

Looks like the value of the metric has been elevated in recent days | Source: CryptoQuant

As you can see in the chart above, the quantity from the post outlines the relevant trend periods for the bitcoin exchange whale percentage.

It seems that when the indicator reaches a top and then starts to decline after that, the price has taken a big hit as well.

From the chart, it’s clear that the scale has gone up over recent months, and is now moving around the highest values ​​ever.

data for “Estimated leverage ratioThis indicator tells us how much leverage the average trader uses in the futures market.

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Bitcoin leverage has increased sharply recently and is also at a new ATH level now, which indicates that investors are taking a lot of risk at the moment.

Historically high market leverage has led to the price of BTC being more volatile. Under these circumstances, if the whale percentage also starts declining and follows the same trend as in the past now as well, things could go down very quickly for the cryptocurrency.

BTC price

At the time of writing this report, Bitcoin price It is floating around $19.5K, up 2% in the past seven days. Over the past month, the value of the cryptocurrency has gained 1%.

The chart below shows the currency price trend over the past five days.

Bitcoin price chart

The value of the crypto seems to have been trending sideways since the plunge a few days back | Source: BTCUSD on TradingView
Featured image from Peg Lemkuil on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Cryptocurrency

Everything Bubble: Markets at a Crossroads – Bitcoin Magazine

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Below is an excerpt from a recent issue of Bitcoin Magazine Pro, Bitcoin Magazine Premium Markets Newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Powell’s Speech and Contracting ISM PMI

We want to zoom out, revisit and analyze some of the latest data that came out this week, which will greatly influence the direction of the market over the next few months.

After Jerome Powell’s Brookings speech, markets are clearly chomping a bit to move higher with any possible pivot scenario and narrative from the Fed. There is over-hedging, short-squeezing, options market dynamics and forced buying. This goes beyond our experience to say exactly why markets explode with volatility at any given data point or Powell’s new speech. However, these types of events and market movements have almost always been a sign of unhealthy and growing volatility in bear markets. Despite more talk from Powell with nothing really new to say, the speech was seen by markets as “more dovish” with his comment about worrying about excessive rate hikes. However, if this is yet another bear market rally forming for the major indices, we’re apparently close to turning that high again.



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Price Analysis 12/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

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Bitcoin and altcoins are starting to signal a possible trend change, but there are still a few downside risks.

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Uzbekistan approves rules for issuing and trading crypto assets – Bitcoin news regulation

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The authority responsible for supervising digital currencies in Uzbekistan has determined the order for digital assets to be issued and traded in the country. The main reason behind this move is to create a mechanism that would allow local companies to attract capital through coins and tokens.

The government of Uzbekistan defines the regulation of digital asset investments

National Agency for Perspective Projects (NAPP), under the chairmanship of the President of Uzbekistan, a new regulation on the procedure for issuing, registering and issuing crypto assets in circulation in the Central Asian country.

The document provides basic legal definitions of cryptographic assets and distinguishes between different types. It introduces requirements for cryptocurrency issuers, depositors and custodians and outlines their obligations, including those related to customer relations.

The Authority also approved the rules for establishing and maintaining an electronic registry of crypto assets and adopted accounting standards for the rights associated with them and the rights of their holders.

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Cryptocurrency depositories will be responsible for providing services for the issuance, registration, trading and storage of crypto assets. Exporters can use it or other online platforms, NAPP said, noting that the face value of the currencies should only be expressed in the national currency, the Uzbekistan som.

The agency emphasized that the issuance of unsecured tokens is prohibited. Words like “state”, “state-insured”, “state-backed”, “Uzbekistan”, “Uzbek”, “national” and “sum” are prohibited in the names of cryptocurrencies. The regulator also explained:

The main purpose of adopting this document is to create a new mechanism for business entities to attract investments and develop their activities through the issuance and registration of the issuance of secured tokens.

NAPP further warned against any unauthorized activities related to the trading of crypto assets in the country or the use of services by service providers who have not obtained a license to provide them. The same applies to companies involved in cryptocurrency mining.

Uzbekistan has taken steps towards comprehensive regulation of its crypto sector through several decrees Occurred By President Shavkat Mirziyoyev and decisions of the National Agency for Perspective Projects. country recently licensed Two companies to provide exchange services.

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AgencyAnd the capitalAnd the RotationAnd the CoinsAnd the encryptionAnd the encrypted assetsAnd the Digital currenciesAnd the CryptocurrencyAnd the digital assetsAnd the investmentsAnd the VersionAnd the licensesAnd the NAPPAnd the RegulationAnd the systemsAnd the OrganizerAnd the symbolsAnd the UzbekistanAnd the UzbekistanAnd the UzbekistanAnd the guard

Do you think Uzbekistan will benefit from the new regulations adopted by the country’s cryptocurrency watchdog? Tell us in the comments section below.

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Lubomir Tasev

Lubomir Tasev is a technology-savvy Eastern European journalist who likes to quote Hitchens: “Being a writer is who I am, not what I do.” Besides crypto, blockchain and fintech, international politics and economics are other sources of inspiration.




Image credits: shutterstock, pixabay, wikicommons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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