Understanding the Importance of Open Interest in Trading Many traders often solely rely on charts to make trading decisions. However, delving into Open Interest (OI) can provide valuable insights into the market activity that charts might not reveal. Rising OI Indicates Potential Trend Continuation When Open Interest is on the rise, it typically suggests that…
Greed Leads to Loss: Trader Rejects $2M Offer for NFT Bought at $600K In a regretful turn of events in 2021, a trader acquired a unique 1/1 NFT for a staggering $600K. Despite receiving a tempting offer of $2M just a few weeks later, the trader declined in hopes of fetching $10M instead. Lessons Learned…
Breaking News: eToro to Introduce Tokenized U.S. Stocks on Ethereum Blockchain eToro has announced its upcoming initiative to offer tokenized versions of U.S. stocks on the Ethereum blockchain. This move is expected to provide users with greater accessibility and flexibility in trading traditional stocks in a digital format. Don’t miss: Analyzing Bitcoin Price Movement Throughout…
Exciting News: XAI and Kalshi Partner to Launch Grok Prediction Markets JUST IN: XAI and Kalshi have joined forces to introduce Grok to the world of prediction markets, starting today. This partnership aims to revolutionize how predictions are made and traded in the market. Worth checking out: Rising Staked Ethereum Supply Indicates Growing Confidence in…
Altcoins Making a Surprising Comeback in the Crypto Market Once more, alternative cryptocurrencies, known as altcoins, are making a significant impact in the market, surprising many investors and analysts alike. Increased Interest and Momentum Recent reports and market analysis show that altcoins are gaining momentum and attracting more interest from traders. This resurgence comes after…
Understanding Footprint Charts in Trading Footprint charts provide a unique perspective on market movements by revealing the actual order flow, indicating who is buying, who is selling, and where the activity is concentrated. Key Points: They display bid versus ask volume at different price levels. Footprints can be interpreted as volume clusters, profiles, or deltas….
Massive Liquidations Totaling $807.4M in the Last 24 Hours Impact: 167,715 Traders Affected You may also be interested in: US House Set to Pass Anti-CBDC Surveillance State Act – Breaking News
The Strategy Behind the Trump–Powell Panic Big players in the market orchestrated the Trump–Powell panic to fulfill their liquidity needs. How It Unfolded The New York Times revealed the sequence of events: Initially, Trump considered firing Powell, causing the dollar to drop, gold to spike, and Bitcoin to fluctuate. However, within 15 minutes, Trump retracted…