“The last large -scale elimination of derivatives and the sharp turn of the growing trend of open interest were recorded in August 2023. This was reported by Cryptoquant analysts. Cryptoric faced with the largest elimination in history, experts noted that the situation clearly showed how big a group of investors was, which was confident and full of positive expectations. Against the background of the fall in prices and the deterioration of the analytics, the signs of aggressive purchase were recorded. It was manifested in dynamics […]”, – WRITE: Businessua.com.ua
The last large -scale elimination of derivatives and the sharp turn of the growing trend of open interest were recorded in August 2023. Analysts reported this Cryptoquant.
Cryptorine faced with the largest elimination in history
Experts noted that the situation clearly showed how big a group of investors was, which was confident and full of positive expectations.
Against the background of the fall in prices and the deterioration of the analytics, the signs of aggressive purchase were recorded. It was manifested in the dynamics of the Coinbase Award.
Source: Cryptoquant.
As a result, the market has already been “substantially cleared.”
“Although the period of high volatility is not excluded, whales are eventually moved in the opposite direction,” the review reads.
Cryptoquant’s conclusions about the “weakening of speculation” are confirmed by Glassnode metrics.
#Bitcoin’s Perpetual Market Shows Cooling Speculation:
🔻the Drop to $ 93k Sent The Long -Side Premium to -$ 158k/Hour.
🔻The 7-day average Fell $ 181k, Signaling Persent Pressure.This Mirrors Post-Oath Weakness in April 2024, WHEN FUNDING ALSO TURNED NEGATIVE, REFLECTING A… PIC.TWITTER.com/UKWQLjlct5
– Glassnode (@glassnode) February 3, 2025
According to experts, the market of indefinite contracts is observed in April 2024. Then after reaching Ath And further rollback, the cost of funding went to the negative area, reflecting the growing bears of the mood.
Separately, Cryptoquant returned to the thesis of approaching the late Bulran.
Bitcoin price failed $ 100,000
Experts noted that there is currently transition from the stage of accumulation (isolated orange) to the distribution phase (turquoise).
Source: Cryptoquant.
“Bitcoin can still get much higher. The cost of financing [безстрокових контрактів] relatively low and comparable to the summer level of 2024. We are far from the market with excess leverage. The structure supports the further development of the bullet, ”the review said.
According to Cryptoquant, the “fair” cost of the first cryptocurrency can be estimated at $ 87 990.
Recall that in the next two months digital gold rises to $ 112 000-130 000 due to the acceleration of the inflow of institutions of institutions and changes in moods towards taking risk, according to Standard Charter.
Previously, Bitwise predicted “less deep” bitcoin corrections due to the initiatives of US President Donald Trump.
The expert highlighted the critical level to continue Bitcoin Bulran
The gun