Binance Square
volume
185,667 views
111 Posts
Hot
Latest
LIVE
LIVE
Groot_crypt
--
Sales of non-fungible token (#NFT ) assets over the last 7 days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The #volume of NFT sales reached $397.86 million, with 345,716 NFT buyers and roughly 1.62 million transactions. #BTC
Sales of non-fungible token (#NFT ) assets over the last 7 days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023.

The #volume of NFT sales reached $397.86 million, with 345,716 NFT buyers and roughly 1.62 million transactions.

#BTC
#Uniswap volume beats #Coinbase e and registers its best month since 2022 ◾Spot market #volume on Uniswap was above $70 billion for the first time since January 2022, beating Coinbase again. ◾Coinbase volume was $49.4 billion last month — up from $40 billion in February. #BTC
#Uniswap volume beats #Coinbase e and registers its best month since 2022

◾Spot market #volume on Uniswap was above $70 billion for the first time since January 2022, beating Coinbase again.

◾Coinbase volume was $49.4 billion last month — up from $40 billion in February.
#BTC
Mexc
7%
Bybit
6%
Binance
85%
If Others (Comment)
2%
141 votes • Voting closed
LIVE
--
Bullish
Can we trust Bitcoin's recent jump? 😱 Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders. Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual. On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000. The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation. Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns. What do you think? #Binance #crypto2023
Can we trust Bitcoin's recent jump? 😱

Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders.

Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual.

On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000.

The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation.

Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns.

What do you think?

#Binance
#crypto2023
Ready to navigate the crypto market and spot those #bullish trends? Check out these top indicators that can help you identify and seize profitable opportunities: -Moving Averages (MA): Keep an eye on the average price over the 50-day or 200-day MA. When the price stays above these averages it's bullish -Relative Strength Index (RSI): Measure the strength of #price movements using the RSI. An RSI above 50 signals bullish momentum, while divergence from the price may indicate a trend reversal. -Volume: Pay attention to trading volume during price increases. High #volume suggests strong #buying pressure, supporting a potential bull trend. -Fibonacci Retracement: Utilize Fibonacci levels (38.2%, 50%, 61.8%) to identify potential support levels during price pullbacks within a bull trend. #dyor
Ready to navigate the crypto market and spot those #bullish trends?

Check out these top indicators that can help you identify and seize profitable opportunities:

-Moving Averages (MA): Keep an eye on the average price over the 50-day or 200-day MA. When the price stays above these averages it's bullish

-Relative Strength Index (RSI): Measure the strength of #price movements using the RSI. An RSI above 50 signals bullish momentum, while divergence from the price may indicate a trend reversal.

-Volume: Pay attention to trading volume during price increases. High #volume suggests strong #buying pressure, supporting a potential bull trend.

-Fibonacci Retracement: Utilize Fibonacci levels (38.2%, 50%, 61.8%) to identify potential support levels during price pullbacks within a bull trend.

#dyor
The Chinese economy is weak, and the bears of RMB continue to stay strong😪 In China, any excitement over the surprise lending facility rate cut (2.65% --> 2.50%) was quickly erased by yet another set of very weak activity figures in retail sales and industrial production. The National Bureau of Statistics also announced that they would stop publishing youth jobless data as statistics need to be further 'improved and optimized', naturally raising concerns about the depth of weakness in the local labour markets. Furthermore, with a lot of core economic rebalancing concerns still unaddressed, both A-shares and HSI were unable to react positively to the rate cut, and CNH FX took the brunt of the hit as the spot has currently traded up to a high of 7.3359, and within shouting distance of the 10y high. Unlike the move earlier in the year, the current weakness in spot is joined by a concurrent spike in FX forward points and upside option skew as hedge funds are piling into CNY shorts in every expression they can find. CNY FX derivatives and options were once again the most actively traded global FX pair yesterday, with volumes 3x above average again. Meanwhile, 1m forward CNH Points have spiked close back to YTD highs, with implied yields at 1yr highs at 3.40% as the bearish trade is building momentum. #CNH #current #CNY #YTD #volume
The Chinese economy is weak, and the bears of RMB continue to stay strong😪

In China, any excitement over the surprise lending facility rate cut (2.65% --> 2.50%) was quickly erased by yet another set of very weak activity figures in retail sales and industrial production. The National Bureau of Statistics also announced that they would stop publishing youth jobless data as statistics need to be further 'improved and optimized', naturally raising concerns about the depth of weakness in the local labour markets. Furthermore, with a lot of core economic rebalancing concerns still unaddressed, both A-shares and HSI were unable to react positively to the rate cut, and CNH FX took the brunt of the hit as the spot has currently traded up to a high of 7.3359, and within shouting distance of the 10y high.

Unlike the move earlier in the year, the current weakness in spot is joined by a concurrent spike in FX forward points and upside option skew as hedge funds are piling into CNY shorts in every expression they can find. CNY FX derivatives and options were once again the most actively traded global FX pair yesterday, with volumes 3x above average again. Meanwhile, 1m forward CNH Points have spiked close back to YTD highs, with implied yields at 1yr highs at 3.40% as the bearish trade is building momentum.

#CNH #current #CNY #YTD #volume
Decoding Crypto: Trapped in a Holding Pattern with Crushed Volatility and Falling Volumes🥲 In crypto, prices remain caught in a holding pattern, while volatilities continue to be crushed as IVs continue to make new YTD lows with each passing day. Gross futures liquidation volumes have also fallen as positioning remain light, as stablecoin volumes have continued to drop and signaling a lack of participation recovery. #crypto #volatility #volume #stablecoin #price
Decoding Crypto: Trapped in a Holding Pattern with Crushed Volatility and Falling Volumes🥲

In crypto, prices remain caught in a holding pattern, while volatilities continue to be crushed as IVs continue to make new YTD lows with each passing day. Gross futures liquidation volumes have also fallen as positioning remain light, as stablecoin volumes have continued to drop and signaling a lack of participation recovery.

#crypto #volatility #volume #stablecoin #price
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number