🎢🤔 Centralized Exchange Leverage Risks Amid Bull Run
CryptoQuant analyzed crypto exchanges' leverage ratios (open interest vs. reserves) to assess liquidity and default risk. Key Findings:
▪️ Binance: Maintains strong reserves with the lowest leverage ratio among major exchanges (12.8 in Dec 2023 to 13.5 in Dec 2024), despite a 2.6x rise in Bitcoin open interest ($4.45B to $11.64B).
▪️ Smaller Exchanges: OKX also shows low leverage.
▪️ High-Risk Exchanges: Gate, Bybit, and Deribit have leverage ratios of 106, 86, and 32, with open interest exceeding or nearing reserves.
Monitoring leverage is critical, as high leverage contributed to the FTX collapse in Nov 2024, where reserves fell to zero while open interest stayed high.
CryptoQuant analyzed crypto exchanges' leverage ratios (open interest vs. reserves) to assess liquidity and default risk. Key Findings:
▪️ Binance: Maintains strong reserves with the lowest leverage ratio among major exchanges (12.8 in Dec 2023 to 13.5 in Dec 2024), despite a 2.6x rise in Bitcoin open interest ($4.45B to $11.64B).
▪️ Smaller Exchanges: OKX also shows low leverage.
▪️ High-Risk Exchanges: Gate, Bybit, and Deribit have leverage ratios of 106, 86, and 32, with open interest exceeding or nearing reserves.
Monitoring leverage is critical, as high leverage contributed to the FTX collapse in Nov 2024, where reserves fell to zero while open interest stayed high.
🇪🇺🏦 German DekaBank received a banking license for storing cryptocurrency from the country’s regulator BaFin and the European Central Bank (ECB).
📊👀 #BTC The key support zone for Bitcoin now lies between $97,041 and $93,806. If this critical demand area doesn't hold, we could see a sharp drop to $70,085, as there’s minimal support below.
🕵️♂️ Someone transferred on Binance 24 million #CTSI (~$3.6 million)
Crypto News Aggregator by EXCAVO
📊🗣 #BTC has enjoyed quite the journey in 2024's final stretch. The following graphic from Santiment shows the crypto community's mentions across X, Reddit, Telegram, 4Chan, BitcoinTalk, and FarCaster related to: 🟨 Bitcoin at $90K 🟥 Bitcoin at $100K 🟦 Bitcoin…
📊🤔 #BTC sentiment has hit its most negative point this year, with traders showing extreme FUD. Contrarians see this as a bullish sign, as markets often move against retail expectations.
🖼 #NFT DropsTab: Top Gainers Among NFT Collections with Potential Airdrop
Crypto News Aggregator by EXCAVO
🇸🇻 #BTC Salvador's wallet address increased its holdings by 11 BTC, worth $1.07 million.
📉 L2Beat: The total volume locked (TVL) of the Ethereum Layer 2 network has fallen by 10% over the past 7 days and now stands at $47.1 billion.
🐳 #LINK Whales bought over $44 million in Chainlink during the recent dip
📊📉 #BTC's volatility is increasing as it surpasses the $100,000 mark, but it remains far from the levels seen in the previous cycle or the beginning of this one.
🖼📈 This week, #NFT transaction volume increased by 32.9% to $302.2 million, and total NFT sales on the Ethereum network exceeded $45 billion
🇺🇸🥳 #BTC President-elect Trump nominates pro-Bitcoin Stephen Miran to lead his Council of Economic Advisers.