Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11975
Markets: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11975
Cryptocurrencies
54.28%
Bitcoin Share
Crypto Potato 2024-12-10 06:58:46

Bitcoin Long-term Holders Drive Profit-taking Spree, But Funding Rates Signal Market Stability: Bitfinex

Bitcoin Long-term Holders Drive Profit-taking Spree, But Funding Rates Signal Market Stability: Bitfinex

Bitcoin’s rally past the $100,000 threshold was short-lived, as the leading cryptocurrency came tumbling below the level barely 24 hours later. This 14% correction within the past week was driven by market participants, especially long-term holders (LTHs), taking profits. According to a Bitfinex Alpha report , on-chain metrics like realized profit and perpetual futures funding rates signal that the market is stabilizing and profit-taking has eased off. BTC Slumps as LTHs Take Profits Bitcoin’s correction last week triggered over $1.1 billion in liquidations across long and short positions in major centralized exchanges. Bitfinex noted that 10% of the plunge occurred within eight minutes, representing the largest correction in a sub-one-hour window since March 2024 and the biggest since the asset’s pre-election lows. “This represents one of the largest liquidation cascades in USD-notional terms since the November 2022 FTX collapse, and with half of these in Bitcoin positions, it also marked the second largest long liquidation event in USD-notional terms for Bitcoin-related trading pairs. In terms of Bitcoin itself, approximately 4,350 BTC were liquidated, marking the fourth highest daily liquidation since 2019,” analysts elaborated. Although bitcoin’s medium-term outlook remains bullish, long-term holders have continued to sell their assets at a slower pace. Bitcoin’s sudden price drop led to a slowdown in LTHs distribution rate; hence, the market trajectory is unknown . However, falling funding rates and low realized profit levels suggest stability is returning. These metrics offer insights into leveraged demand and sell-side pressure in the market. BTC to Find Equilibrium at New Level Funding rates refer to the cost of holding an open perpetual futures contract. This metric surged during bitcoin’s race to $100,000 but did not reach the levels recorded in March. With funding rates stabilizing, bitcoin’s medium-term volatility is more likely to be more contained because a more measured level of leverage is entering the market. If funding rates decline further, it indicates that BTC traders are beginning to unwind excessive long leverage, possibly leading to a more balanced market. However, an increase in the rates suggests that investors are adding risk to their long positions and that there is renewed speculative demand. Meanwhile, low realized profit levels indicate that any further sell-offs from investors would be less dramatic, and this will allow bitcoin’s price to find an equilibrium in supply and demand. The post Bitcoin Long-term Holders Drive Profit-taking Spree, But Funding Rates Signal Market Stability: Bitfinex appeared first on CryptoPotato .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
54.28%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.