The UTXO Realized Cap 6M-12M Dominance has exceeded 20%. This indicates that a large portion of Bitcoin’s realized market cap is held by coins that were last moved 6 to 12 months ago. …
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Binance Funding Rates Trending Negative This chart was originally used to compare Binance Funding Rates (FR) and Bitfinex Reserve during the last bull market. While it hasn’t been as reliable recently, the Binance FR turning negative again prompted me to re-evaluate it.
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As of late July 2024, Ethereum’s (ETH) Estimated Leverage Ratio has surged to its current level, indicating a significant increase in leverage in the market. Meanwhile, Open Interest (OI) for Bitcoin (BTC) saw a rise to its current level in mid-March, whereas for ETH, this increase occurred at the beginning of June. This trend shows that Ethereum has been catching up, reflected in both its rising leverage ratio and the sustained high open interest. This development suggests heightened trading activity and investor interest in ETH, paralleling the trends observed in BTC earlier this year.
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