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Binance Futures announces the launch of USD-Margined NEIRO/ETH Perpetual Contract with up to 75x leverage, enhancing trading options. (Read More)
BitMEX announces the launch of Q4 2024 Quarterly Futures, set to go live on September 10, 2024, according to the BitMEX Blog. (Read More)
Binance Futures is set to launch a USD-Margined QUICK Perpetual Contract offering up to 75x leverage, enhancing trading options. (Read More)
Binance Futures will launch the DOGSUSD COIN-M Perpetual Contract with up to 20x leverage starting September 10, 2024. (Read More)
Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold the answer.
Binance Futures is set to launch a USD-Margined BSW Perpetual Contract with up to 75x leverage, aiming to expand trading options and enhance user experience. (Read More)
The carbon-offset Bitcoin ETF has been waiting on regulators since December 2023.
In today's news feature: is legal Futures Trading coming soon in the Philippines?
EigenLayers EIGEN token is scheduled to unlock at 5:00 am UTC on Oct. 1 and will start trading on exchanges such as Binance soon after.
Binance Futures is set to introduce the FLUXUSDT Perpetual Contract with up to 75x leverage, expanding its trading options. (Read More)
Binance Futures Trading Carnival offers eligible users a chance to win from a prize pool of 40 million DOGS and 5 million NOT token vouchers. (Read More)
Binance Futures will introduce the USD-Margined REIUSDT Perpetual Contract with up to 75x leverage, aiming to expand trading options and enhance user experience. (Read More)
Binance Futures will launch the WLDUSD COIN-M Perpetual Contract on October 2, 2024, offering up to 20x leverage, according to Binance. (Read More)
Binance launches exclusive promotions for new Futures users in the MENASA region, offering 55,000 FDUSD in rewards through various trading competitions and tasks. (Read More)
Binance Futures will launch the USD-Margined LOKAUSDT Perpetual Contract with up to 75x leverage, enhancing trading options. (Read More)
BitMEX introduces the XBTX24 Bitcoin futures contract, available for trading from September 24, 2024, with settlement on November 29, 2024. (Read More)
Binance scheduled a COIN-M Futures WebSocket system upgrade on September 26, 2024, expected to last 8 hours. Some disruptions may occur. (Read More)
Binance Futures is set to launch a GHSTUSDT perpetual contract with up to 75x leverage, expanding trading options for users. (Read More)
Binance Futures introduces a Trading Quest allowing users to learn new trading features and earn a share of 35,500 USDT in rewards. (Read More)
The Bitcoin futures market is seeing a rise in leverage, which may signal an impending short squeeze that could lead to a bullish rally, according to a recent report by a CryptoQuant analyst, known as Percival. Percival insights shared earlier today on the QuickTake platform detailed the current state of Bitcoin leverage and the potential impact it could have on Bitcoin’s price trajectory. Related Reading: Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls Bitcoin Open Interest And Leverage Surge Amid Volatility According to Percival, the futures market consists of two major groups: institutional traders on the Chicago Mercantile Exchange (CME) and retail or native cryptocurrency traders. Institutional traders typically hedge their positions and are less prone to liquidations, while retail traders often face higher liquidation risks, particularly during periods of increased market volatility. These dynamics are particularly relevant now, as leverage in the futures market has surged over the past two weeks. Percival noted that open Interest in Bitcoin futures has now grown by $6 billion, reaching a total of $28.3 billion, just shy of the all-time high of $31 billion recorded in July. This increase in leverage is tied to recent market movements, especially around the volatility caused by the recent US Federal Reserves interest rate decisions. Despite this uptick, institutional traders are seen to hold onto their positions confidently, anticipating further volatility but are less exposed to liquidation risks than retail traders. In addition, funding rates for Bitcoin Future contracts indicate that investors holding long positions currently receive around $2 million daily. This suggests that demand for long positions remains strong, as investors are willing to pay to maintain these positions. However, Percival cautions that while this is not an “overly excessive amount”, sudden price corrections could quickly wipe out those over-leveraged traders attempting to capitalize on these market movements. Short Liquidations Hint At Possible Short Squeeze A notable observation in the report was the significant increase in short liquidations. Percival explained that short liquidations have risen by approximately $493 million, which could be a precursor to a “short squeeze.” A short squeeze occurs when short positions are forced to close due to rising prices, which can cause further upward pressure on the assets pricein this case, Bitcoin’s. Percival speculated that this surge in short liquidations could rapidly recover Bitcoins price following any “sharp corrections.” Related Reading: Bitcoin Approaches $65,000: Is Now The Perfect Time To Buy? The liquidation of short positions would give the market the momentum needed for Bitcoin to bounce back and potentially trigger a more significant rally. While volatility is expected in the short term, the overall outlook appears to lean towards a bullish trend if this short squeeze scenario continues. Featured image created with DALL-E, Chart from TradingView
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