CryptoQuant Analyst: Unsettled ETH contracts have increased by about 1.5 billion USD in the past three weeks
CryptoQuant analyst Burak Kesmeci revealed data showing that the Ethereum open contract data has increased by about 1.5 billion US dollars in the past three weeks. He believes that as leveraged trading increases, liquidation becomes inevitable, which in turn brings high volatility. Therefore, open contracts are one of the data points that need to be closely monitored.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The collapse of arbitrage trading boosts the yen's surge, as expectations for a Bank of Japan rate hike continue to rise.
As traders increase their bets on further rate hikes by the Bank of Japan, large-scale unwinding of yen-funded carry trades has driven the yen to its highest level against the US dollar in a month.
Lindian Resources signs 10-year offtake deal with Carester for Kazakhstan rare earths output
Adobe Names Anil Chakravarthy CEO But AI Fears Are Impacting the Stock
Crypto prices
More
