Bullish Price Actions Signals From Bitcoin Futures Market Data
It has been reported that the inflow has exceeded the outflow of bitcoin on a number of world’s largest exchanges which include Binance, BitMEX, and Bitstamp which might indicate a start of an accumulation phase.
The crypto market might have experienced a slight dip over the past 24 hours, but bitcoin prices remain relatively stable within its consolidation range.
Open interest is a measure of the total number of outstanding futures contracts that have not yet settled for an asst which provides a good picture of trading activity and direction of monetary flow.
Open interest at BitMEX for the fourth time this summer has reached at least $1 billion which is a bullish signal and can also be an early indication that bitcoin is gathering momentum for more bullish price action.
Headlines for the world of Cryptocurrencies - September 07, 2019
- Finally, Telegram Open Network Released
- Bakkt Receives Massive Amounts Of Bitcoin
- Stablecoins Like Libra Has Huge Growth Potential According To JPMorgan
- New Lobbyists For Libra Stablecoin
- PBoC Crypto Will Be Similar To Libra
Headlines for the world of Cryptocurrencies - September 06, 2019
- Non-Profit Org To Utilize Blockchain To Save The Amazon Forest
- Fantasy Sports Platform Now Accepting Crypto
- New Game Marketplace Being Co-Developed By Waves And Abyss
- PAX Reveals Gold-Backed Cryptocurrency
- BTC Google Interest Explodes
Headlines for the world of Cryptocurrencies - September 05, 2019
- Mastercard Joins Marco Polo Network
- Malta Government Bring Crypto To Licensed Casinos
- Local Bitcoin Exchange In Norway Gets Support From Major Bank
- Christine Lagarde Believes Regulators Should Be Open To Crypto
- China’s Crypto Steaming Ahead Of Its Competitors
