Currencies35030
Market Cap$ 4.28T-0.10%
24h Spot Volume$ 52.59B+25.9%
DominanceBTC53.76%-0.10%ETH12.67%+0.41%
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Cryptorank

Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops


by Olivia Stephanie
for CryptoPotato
Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops

TL;DR

  • Bitcoin’s exchange supply ratio fell to 0.029, showing fewer coins available for trading on Binance.
  • Perpetual open interest dropped from 395K BTC to 378K BTC after the Fed’s rate decision.
  • Analysts track $116.7K and $113K as key levels as Bitcoin consolidates near yearly highs.

Exchange Supply Ratio Declines on Binance

Bitcoin’s Exchange Supply Ratio (ESR) on Binance has dropped to a recent low, standing near 0.029. This metric tracks the proportion of Bitcoin supply held on exchanges. The decline comes as BTC’s price climbed toward $117,000 before it was stopped and driven south slightly.

Read the article at CryptoPotato

Read More

Boom Then Bust? BTC Eyes $175K Before Catastrophic 80% Drop

Boom Then Bust? BTC Eyes $175K Before Catastrophic 80% Drop

Bitcoin may hit $175K before a 70–80% drop, with $4.9T options expiring and patterns ...
Is Bitcoin Ready for Its Next Big Rally? BTC Price Analysis

Is Bitcoin Ready for Its Next Big Rally? BTC Price Analysis

Bitcoin is at a pivotal moment as it trades below the $120K zone, with price action t...

Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops


by Olivia Stephanie
for CryptoPotato
Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops

TL;DR

  • Bitcoin’s exchange supply ratio fell to 0.029, showing fewer coins available for trading on Binance.
  • Perpetual open interest dropped from 395K BTC to 378K BTC after the Fed’s rate decision.
  • Analysts track $116.7K and $113K as key levels as Bitcoin consolidates near yearly highs.

Exchange Supply Ratio Declines on Binance

Bitcoin’s Exchange Supply Ratio (ESR) on Binance has dropped to a recent low, standing near 0.029. This metric tracks the proportion of Bitcoin supply held on exchanges. The decline comes as BTC’s price climbed toward $117,000 before it was stopped and driven south slightly.

Read the article at CryptoPotato

Read More

Boom Then Bust? BTC Eyes $175K Before Catastrophic 80% Drop

Boom Then Bust? BTC Eyes $175K Before Catastrophic 80% Drop

Bitcoin may hit $175K before a 70–80% drop, with $4.9T options expiring and patterns ...
Is Bitcoin Ready for Its Next Big Rally? BTC Price Analysis

Is Bitcoin Ready for Its Next Big Rally? BTC Price Analysis

Bitcoin is at a pivotal moment as it trades below the $120K zone, with price action t...