Interest

Shiba Inu has seen a notable uptick in its open interest that has sent renewed vigor through investors. While the meme coin’s open interest is yet to break its Match 2024 all-time high, it is on a bullish trend that could see an attempt soon. Shiba Inu Open Interest At February Levels The total Shiba Inu open interest has climbed back above $97 million across multiple exchanges, bringing it to one of the highest levels so far for the year.…

Bitcoin is in an uptrend and will likely breach the all-important liquidation line at $72,000. At the spot rate, the coin is up approximately 25% from May lows and may rally, even breaking all-time highs of $73,800. Retail Interest In Bitcoin Falling Even As Prices Approach All-Time Highs Even as Bitcoin prints impressive higher highs, Mike Alfred, a “value investor” and an active crypto commentator, has identified a surprising disconnect: organic search engine traffic on Google is dropping. Apart from…

The post Cardano Aims for $0.6 as Whale Interest Spikes: Will Bulls Hold the ADA Price? appeared first on Coinpedia Fintech News Cardano’s price remains confined to a narrow trading range after several unsuccessful attempts by bulls to trigger a bullish rebound. While Bitcoin’s price surges past the $70,000 mark, gaining momentum, the altcoin market has not displayed any promising signs. This has led to a consolidation in ADA’s price. Nonetheless, analysts are bullish about a potential rebound as on-chain…

The post Bitcoin’s Bullish Surge Supported by Rising Open Interest: $80K Next? appeared first on Coinpedia Fintech News Bitcoin’s derivative market is on fire! Long position traders are in control, willing to pay premiums to short traders, showcasing strong bullish sentiment. Open Interest (OI) has surged to 17.89 billion, up 0.06% in the last 24 hours and 5.98% over the past week. Last night, BTC briefly surged above $70K before settling at $68,897.86. This rise in OI indicates increasing liquidity,…

Chainlink co-founder, Sergey Nazarov has predicted that the total market value could surge above 10 trillion fueled by consumer and hedge fund interest. Nazarov’s optimistic prediction can be supported by Chainlink’s recent price surge, and network adoption, indicating the continued growth in investor interest in the crypto space. Chainlink co-founder Sergey Nazarov has made a bold prediction regarding the future of the cryptocurrency market. Nazarov believes that cryptocurrency is in its “early to mid-stage ” level of growth holding potential…

Shiba Inu is currently the talk of the crypto market after mounting a 15% surprise rally. However, beyond the price rally, SHIB is shining in other places, and one of those is the open interest. This metric has seen a significant increase, with potential implications for the SHIB price going forward. Shiba Inu Open Interest Sees 85% Surge The Shiba Inu open interest in up over 85% in the past day as the price has gone on a recovery trend.…

The post Core(CORECHAIN ) Price Analysis: Can The Renwed Buyer Interest Hold The Price Above $1.9? appeared first on Coinpedia Fintech News CORE, today up by 22.4% with a trading volume surge to 174.5 million (106 %). This is clearly after the Coinbase exchange announced the inclusion of listing CORE in its roadmap.  Corechain is an EVM Compatible layer 1 blockchain, that supports Ethereum smart contract execution and development of DApps on its own.  CORE Finds Bullish Pressure At Key…

On-chain analytics platform Glassnode has provided insights into why the Bitcoin price recently dropped below $70,000. The platform suggested that the flagship isn’t yet seeing enough demand, which could send its price to new highs.  Demand For Bitcoin Is Still Modest In one of its latest market reports, Glassnode mentioned that “the rate at which new capital is flowing into the Bitcoin network has slowed down considerably from its peak.” They made this assertion based on the Realized Cap metric,…

The post Ethereum Open Interest Soars as Price Nears $4K Milestone appeared first on Coinpedia Fintech News Ethereum’s open interest has surged to $12.5 billion, an 8.13% increase in 24 hours. The $ETH price is trading at $3,877, an intraday jump of 3.59% as it approaches the $4,000 milestone. Moreover, the funding rate is currently 0.0155%, indicating strong demand in the futures market. With growing anticipation of the VanEck’s Spot Ethereum ETF approval today, bullish sentiments are rising. Investors are…