Биткойндун баасы 25 миң долларга чейин көтөрүлүп, андан кийин крипто базарынын жалпы капиталы 1.13 миллион долларлык каршылыкты кайра сынады.

The total crypto market capitalization rejected at $1.13 trillion on Feb. 16, but there was no change in the month-long ascending channel structure. More importantly, this level represents a 43% gain in 2023, which is far from the $3 trillion level achieved in November 2021. Still, the current recovery is notable. 

As shown above, the ascending channel initiated in mid-January has left some room for a 10% correction down to $1 trillion without breaking the bullish formation.

Investors reacted positively to the 5.6% year-on-year U.S. Consumer Price Index inflation increase on Feb. 14 and the 3% retail sales monthly growth on Feb. 15. Bitcoin (BTC) had the biggest positive impact on the total crypto capitalization as its price gained 12.5% on the week.

One area of concern is a Feb. 16 story on Binance.US financial transactions to Merit Peak, a trading firm managed by CEO Changpeng Zhao. Interestingly, Reuters reported that a Binance.US spokesperson said Merit Peak was “neither trading nor providing any kind of services on the Binance.US platform.”

The 10.1% weekly increase in total market capitalization was held back by the modest 1.8% gains from BNB (BNB) and the XRP (XRP) 2.5% price increase. On the other hand, only three out of the top 80 cryptocurrencies finished the week with negative performances.

Decentralized storage solution Filecoin (FIL) gained 59% and Internet Computer (ICP) soared 52% as Bitcoin blockchain demand for nonfungible token (NFT) inscription vastly increased the block space.

GMX rallied 34% as the protocol received $5 million in transaction fees on a single day.

Lido DAO’s LDO gained 34% as stakers evaluated proposals to manage the 20,300 Ether (ETH) held by the corporate treasury.

Leverage demand is balanced despite the generalized rally

Түбөлүктүү контракттар, ошондой эле тескери своп катары белгилүү, адатта ар бир сегиз саатта төлөнүүчү камтылган ченге ээ. Биржалар бул төлөмдү валюталык тобокелдиктин дисбаланстарын болтурбоо үчүн колдонушат.

Оң каржылоо курсу узак мөөнөткө (сатып алуучулар) көбүрөөк рычагдарды талап кылаарын көрсөтөт. Бирок, карама-каршы жагдай шорты (сатуучулар) кошумча рычагдарды талап кылганда пайда болуп, каржылоо курсунун терс таасирин тийгизет.

The seven-day funding rate was close to zero for Bitcoin and Ether, meaning the data points to a balanced demand between leverage longs (buyers) and shorts (sellers).

Interestingly, BNB is no longer a top six cryptocurrency ranked by futures open interest, as investors’ demand for Polygon’s MATIC (MATIC) markets increased by 70% in February.

Опциялар коюу/чалуу катышы оптимисттик бойдон калууда

Соодагерлер көбүрөөк активдүүлүк чалуу (сатып алуу) опциялары же сатуу (сатуу) опциялары аркылуу өтүп жаткандыгын өлчөө аркылуу рыноктун жалпы маанайын өлчөй алышат. Жалпысынан алганда, чалуу опциондору өсүш стратегиялары үчүн колдонулат, ал эми сатуу опциондору аюулук үчүн.

0.70 кою-чалуу коэффициенти сатуу опциондорунун ачык пайыздары 30% га өскөн чалуулардан артта калганын жана ошондуктан өсүшкө ээ экендигин көрсөтөт. Ал эми, 1.40 көрсөткүчү сатуу опциондорун 40% га жакшыртат, муну аюу деп эсептесе болот.

байланыштуу: Bitcoin price derivatives look a bit overheated, but data suggests bears are outnumbered

Even though Bitcoin’s price failed to break the $25,000 resistance, the demand for bullish call options has exceeded the neutral-to-bearish puts since Feb. 14.

Presently, the put-to-call volume ratio nears 0.40 as the options market is more strongly populated by neutral-to-bullish strategies, favoring call (buy) options by 2x.

From a derivatives market perspective, there are no signs of demand from short sellers, while leverage indicators show bulls are not using excessive leverage. Ultimately, the odds favor those betting that the $1.13 trillion total market cap resistance will break, opening room for further gains.