These Bitcoin observations suggest that a range change might be…

These Bitcoin [BTC] observations suggest that a range change might be...

is back above $20,000 once again but this time there is a notable lack of enthusiasm about it. This is because the cryptocurrency had been bouncing back and forth between the $17,000 to $22,000 range.

A comparison between the Bitcoin exchange whale ratio and BTC’s exchange reserves revealed an interesting picture. The latter had been declining since March while the former was gradually ascending.The exchange whale ratio particularly achieved higher lows since May. This confirmed that whale activity on exchanges witnessed a rise.

The declining exchange reserves confirmed that Bitcoin had been flowing out of exchanges in the last few months. Investors’ sentiment also appeared to have shifted in favor over the last few days, especially in the derivatives market. This was evident considering the rise in open interest and funding rates in the derivatives market.Both open interest and funding rates in the derivatives market have increased significantly in the last two weeks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTC Proxy launches Bitcoin Farming as part of a major expansion of the protocolLeading DeFi protocol BTC PROXY today unveiled the Bitcoin Yield Farm, which goes live on October 14th, 2022, and fulfills a vision of allowing the community to earn DeFi yields in BTC. BTCProxy’s farming innovation is the first in the sector rewarding BTC for staking the protocol’s token. This is a major leap forward for […]
Read more »

Bitcoin: Here’s the case for an early Christmas in October for BTC holdersIs optimism around Bitcoin [BTC] and its holders seeing a solid foundation despite the daunting bear? Well, it certainly looks like the case. The overall supply on exchanges has dropped to extreme lows, as per data from Santiment. Here, it’s worth noting that the drop came at a time of wide-market sell-offs. Here’s AMBCrypto’s Price Prediction […]
Read more »

Bitcoin [BTC]: Yes, a mining hashrate all-time high, but at what costBitcoin [BTC] investors may finally have something to rejoice about. Amidst the general downturn in the global financial markets and a consequential collapse of the cryptocurrency market, one thing remained consistent. BTC’s hashrate continued to grow despite tough times in the crypto market. According to data from blockchain analytics platform Messari, Bitcoin’s hashrate, on 1 […]
Read more »

Evaluating the Q3 performance of BTC, ETH, and BNBAlthough the broader financial market experienced a downturn in the last quarter, data from CoinGecko showed that the global cryptocurrency market capitalization rose by 9% within the 90-day period. Interestingly, despite the growth in the global cryptocurrency market capitalization, the leading cryptocurrency asset Bitcoin [BTC], closed the quarter with a decline in its price. According […]
Read more »

Monero [XMR] flips $144 to support, but the move past $150 seems far-fetchedDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Monero trading within a short-term range Despite a strong rally, a breakout above $150 might be unlikely Bitcoin [BTC] was able to clear the $19.6k resistance level on 4 October, and at press time the […]
Read more »

Texas cities struggle with affordable housing shortage - constructconnect.com - Daily Commercial NewsTexas real estate developers and homebuilders are announcing a steady stream of new offerings in the $300,000 to $800K,000 range, most on the outskirts of major urban centres. While this is a reflection of the state’s economic growth, it’s making afforda
Read more »