Trading Crypto Compass
#BTC gives a spike below the mentioned support level to hunt stop losses and liquidate high leverage positions. Price is able to reclaim the support level and is now trading above it. The bullish case remains valid.
#BTC retraced a little, back to $120,000 mark and now dropping again. The support standing strong and likely to move sideways now. Stop hunt already happened and price might give a new ATH sooner.
Trading Crypto Compass
#SAGA Analysis : #SAGA gone strongly up after the small consolidation happened and rejected strong from the key resistance area of $0.32 - $0.33. Now price is middle of the zone and need to wait for the price to have some more candle to develop to take the…
#SAGA formed a good consolidation range after the rejection and might move lower. Currently it at the middle of the range and might bounce back from the bottom area of it around $0.27. For position use rejection and additional confirmation before taking any long/ short.
Additionally, options trade volume has experienced a significant uptick over the course of this cycle, now averaging $2.4B per day over the past year, and reaching a peak of $5B/day. This surge highlights the growing usage of options contracts by sophisticated market participants, with investors increasingly utilizing options to implement advanced risk management strategies and fine-tune their market exposure.
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President Trump's initiative aims to allow crypto investments in retirement funds, potentially driving a massive influx of capital into assets like Bitcoin and Ethereum. A game-changer for U.S. crypto adoption.
President Trump's initiative aims to allow crypto investments in retirement funds, potentially driving a massive influx of capital into assets like Bitcoin and Ethereum. A game-changer for U.S. crypto adoption.
Trading Crypto Compass
#BTC retraced a little, back to $120,000 mark and now dropping again. The support standing strong and likely to move sideways now. Stop hunt already happened and price might give a new ATH sooner.
Trading Crypto Compass
#ALGO/USDT ANALYSIS : #ALGO took its ride from the key support zone of $0.157 - $0.160 and now reached the major resistance area around $0.28 - $0.30. Price can either reject or breakout over the zone. Buys and sells only taken after rejection or breakout…
#ALGO flipped the resistance had a retest and moved further higher towards the $0.33 area. It moved around 13% in profits and it might continue too. Hold it tight and trail it too.
The growth of spot and derivative volumes highlights a shift toward off-chain venues, with off-chain volume (spot, futures, options) regularly being 7-16x larger than on-chain volume.
This transition significantly impacts network metric interpretation, as traditional indicators may no longer capture full market activity scope. Nevertheless, the on-chain market remains the Bitcoin economy's heart, forming the foundational layer for the wider ecosystem. Deposits and withdrawals serve as the primary link between off-chain platforms and the Bitcoin network, ensuring on-chain activity continues playing a vital role in market structure and capital flows.
This transition significantly impacts network metric interpretation, as traditional indicators may no longer capture full market activity scope. Nevertheless, the on-chain market remains the Bitcoin economy's heart, forming the foundational layer for the wider ecosystem. Deposits and withdrawals serve as the primary link between off-chain platforms and the Bitcoin network, ensuring on-chain activity continues playing a vital role in market structure and capital flows.
Trading Crypto Compass
#ETH made its way clear towards $2525 and eventually made its push towards the $3000 mark as Major resistance Area. Now, its making a rejecting as reached the market structure point, with that it can now move up breaking the major resistance targeting the…
#ETH moved further high and giving strong closing one after another in Daily TF. Price hits the key resistance area around $3600 and again it showing sell pressure. Let see how market performs or go for a breakout.
Having established derivatives' growing relevance in the Bitcoin ecosystem, we now examine open interest across futures and options contracts to evaluate market leverage buildup.
Both markets have experienced remarkable OI growth over recent years: futures rising from $7.7B to $52.8B, and options expanding from $3.2B to $43.4B. Combined, total derivatives open interest peaked at $114B and remains elevated at ~$96.2B. This sustained expansion reflects significant leverage buildup within the Bitcoin economy, potentially heightening volatile price swing risks.
Both markets have experienced remarkable OI growth over recent years: futures rising from $7.7B to $52.8B, and options expanding from $3.2B to $43.4B. Combined, total derivatives open interest peaked at $114B and remains elevated at ~$96.2B. This sustained expansion reflects significant leverage buildup within the Bitcoin economy, potentially heightening volatile price swing risks.
Trading Crypto Compass
#BITCOIN WEEKLY TF UPDATE : #BITCOIN on WEEKLY TF, make a new All Time High and still pushing. The Weekly candle goes very big and closing healthy means it can go further. Eyes on Weekly close and let's see how it goes.
#SOL made a very good move after the breakout of the channel. Price moved around 24% in profits and it time to secure and hold something.
When assessing the 30-day change in aggregate open interest, we observe that the magnitude of fluctuations has been accelerating. Throughout the 2023 calendar year, changes in open interest remained relatively muted, however, following the introduction of US Spot ETFs in January 2024, these fluctuations began to intensify.
This growing volatility in open interest signals a broader market transition, from one primarily driven by spot activity, to a more derivatives-led structure. Such a shift increases the risk of cascading liquidations and contributes to a more unstable and reflexive market environment.
This growing volatility in open interest signals a broader market transition, from one primarily driven by spot activity, to a more derivatives-led structure. Such a shift increases the risk of cascading liquidations and contributes to a more unstable and reflexive market environment.
Trading Crypto Compass
#BITCOIN WEEKLY TF UPDATE : #BITCOIN on WEEKLY TF, give a very indecisive closing and also a bearish candle. The Next week we might see some retracement and then a leg up. There's always a pullback after these huge rally up, so just hold it and enjoy the…
#BTC had its weekly closing and kinda bearish closing now. Price still on a consolidation after those huge rally and forming a falling wedge pattern. A breakout will decide the direction, and eyes on the market.