• DATE: DATE: 25.07.2024
  • TEXT: EVENT TITLE  |  SUBJECT  |  INFO
  • TIMER: 25.07.2024
  • BUTTON: FIND OUT MORE
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-13BTC Dominance: 51.25%
image-alt-14 ETH Dominance: 16.27%
image-alt-15 BTC/ETH Ratio: 13%
image-alt-16 Total Market Cap 24h: $1.65T
image-alt-17Volume 24h: $42.89B
image-alt-18 ETH Gas Price: 26 Gwei
 

Crypto Open Interest At All-Time High: Explosive Move Incoming?

Data shows the total open interest in the crypto sector has recently been at an all-time high, indicating that volatility may be coming for the coins...
Firefly A Bitcoin Coin Inside Of An Hourglass 62245

Crypto Open Interest Has Been At Extreme Levels Recently

As CryptoQuant Netherlands community manager Maartunn pointed out in a post on X, the total crypto open interest has recently been sitting around a whopping $51.3 billion.

The “open interest” here refers to the total amount of derivative positions related to all digital assets currently open on the various exchanges in the sector.

When the value of this metric rises, it means that the investors are opening up fresh positions on the market right now. Generally, the total leverage in the sector goes up when such a trend takes form, so the assets could become more likely to show some volatility.

On the other hand, a downtrend in the indicator implies that the investors are closing their positions of their own volition or getting forcibly liquidated by their platform.

A sharp plunge in the metric could accompany some violent price action, but once the indicator’s value has settled down, the markets could become more stable due to a washout of leverage.

 

 

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