Category: crash

BTC sentiment ‘comparable to a funeral’ — 5 things to watch in Bitcoin this week

December 6, 2021

Crypto Nanobot 0

Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, the first of which is $50,000. As a sense of déjà vu pervades markets, analysts are coming to terms […]

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Crypto traders say negative funding rates are buy signals, but are they?

June 25, 2021

Crypto Nanobot 0

Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures there are no exchange risk imbalances.  Even though buyers’ and sellers’ open interest is matched at all times, leverage can vary, and when buyers (longs) are demanding more leverage, the funding rate turns positive. Thus, they […]

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Data shows derivatives had little to do with Bitcoin’s drop to $29K

June 23, 2021

Crypto Nanobot 0

After a brief recovery to $41,000 on June 14, Bitcoin (BTC) investors might have thought that the bear market was finally over. After all, it was the highest level since May 21 and the date that MicroStrategy (MSTR) announced a successful $500 million debt offering.  The funds are usually available in one or two business […]

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‘Silent crash’ as price floors collapse across NFT space

April 3, 2021

Crypto Nanobot 0

Prices are plummeting, and some holders might not even know it 70948 Total views 255 Total shares If prices plummet in an illiquid market, how soon before anyone notices? While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid […]

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