Sunday, 7 March 2021

7 Steps To Market Your Business For The Very Best Rate



Depend on his procedure and you will locate the best buyer for your business. Peterson Acquisitions differs any kind of business broker you will ever meet. Our customers are those that are just as significant concerning offering their business as we are. In conclusion, the process of effectively offering a company is different for each entrepreneur. Industries might go through ebbs and flows, business designs may do well and also subside.
Eventually, the marketing techniques that worked for me may except another business-- particularly relying on the sort of firm and also the existing market. It is important to keep in mind that marketing a business can be very emotional-- also if it is what you truly wish to do. After all, it can be challenging to shut off the unique connection you may pity the company you functioned so tough to get off the ground. As soon as your business is demonstrating consistent month-over-month income development, you'll understand that it's a good time to offer. If you're seeking a much more specific thing to assist you know when to offer, aim for $50,000 monthly. This amount-- which amounts to $600,000 per year in revenue-- generally showcases an effectively expanding micro-sized business which a serious customer would certainly be interested in.
A house owner will certainly clean up the residential or commercial property prior to they make a decision to sell it. This is completely normal as well as it enables them to have a better chance at in fact marketing their residence. Obtain every little thing in order first so there are no delays to the selling procedure later on. In some cases it's much better for your business to sell its possessions initially.
Some owners consider marketing the business when it is not rewarding, however this can make it more difficult to draw in buyers. Think about the business's capacity to sell, its preparedness and your timing. That is just one of the very first questions a prospective buyer will ask. This exact same approach can have a similarly effective impact on how swiftly your business markets and how much it sells for.
Once more I asked myself the question, "What makes sales people take action?" Money! So I took a seat as well as created a letter explaining why as well as just how I wished to market my effective business. I offered a perk to my sales affiliates to send me a customer. Instantaneously the phone started ringing and extra leads can be found in. In my case, I signed up with the initial broker I consulted with. Nevertheless, he had a history in retail, he got along and most importantly he created a BIG price.
If you intend to sell your business fast, it is valuable to have a lawyer that has experience negotiating business sale deals. If your attorney does not have this experience, we have attorneys to advise that can relocate things forward in a timely style. It's obvious that attorneys can slow a deal down or eliminate the offer. Many tiny issues require to be bargained, as well as you don't desire a small problem to slow down or decipher your offer.
I've taken a difficult process and simplified it to just five simple actions. A business sale might take between 6 months and also 2 years according to RACK UP, a nonprofit association for entrepreneurs and companions of the UNITED STATE Attempt not to limit your advertising, and you'll attract much more potential buyers. Gather your economic statements and also tax returns dating back 3 to four years and examine them with an accountant. Additionally, establish a list of equipment that's being offered with the business.


Tyler Tysdal and Robert Hirsch the best process to offer your organization.

Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/

Freedom Factory Managing Partners Tyler Tysdal Tyler Tysdal, Managing Director

https://www.linkedin.com/in/tyler-tysdal

Robert Hirsch Business Owner, Investor, Speaker, Artist

See His Website

Recent News Dumb Human Tricks Discussed by Freedom Factory's Robert Hirsch and Tyler Tysdal

Freedom Factory is among the extremely credible brokerage companies in the nation. It is established by two of the experienced entrepreneurs-- Tyler Tysdal and Robert Hirsch. They assist business owners discover their method to success with the ultimate objective of helping entrepreneur sell their service at an optimum value. Tyler Tysdal has an excellent track record of success and together with Robert Hirsch, they established Freedom Factory, a discovering place for all kinds of businesspeople. They assist business owners find out how to strike a deal and get the maximum benefit out of it.

Prior To Tyler T. Tysdal end up being a part of Freedom Factory, he has handled equity funds and financial investment portfolios. He recognized that lots of sellers are on the losing end of the offer-- not getting the sales price they deserved. Ever since, he made it his objective to help fellow entrepreneurs understand how to break an offer. Together with Robert Hirsch, they framed lots of videos to help business owners to find out how to get the maximum value of the business.

Read more here: https://londondailypost.com/stupid-human-tricks-explained-by-freedom-factorys-robert-hirsch-and-tyler-tysdal/

Successful Business Owner, Tyler Tysdal, Shares Important Tips Related to Financing and Service

Tyler Tysdal, an effective investor and experienced business owner, has shared important pointers associated with handling financial resources in business sector. He has actually got over 20 years of experience in dealing with investment, financial resources, and other business-related topics. Tyler Tysdal in addition to his good friend, Robert Hirsch, is helping the struggling entrepreneurs in handling their organizations successfully.

In his podcasts and videos, Tyler Tysdal also shares the importance of personal equity and venture capital. In order to lay significance on financial investment in the business sector, he describes that PR financial investment needed the PE business to make company choices. He has likewise said that for a new service it is a good idea to turn to VC financial investment to get financial support. Furthermore, Tyler also assists in offering an organization to get the ideal worth and one can call Tyler Tysdal to seek crucial details on this subject. Read more here: https://tricitydaily.com/successful-entrepreneur-tyler-tysdal-shares-important-tips-related-to-finance-and-business/

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Tuesday, 23 February 2021

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures

In the past 48 hours, Bitcoin’s (BTC) price has dropped by $13,360 and more than $2.6 billion worth of futures contracts have been liquidated. When including altcoins, the total sum of liquidations equaled $5.9 billion.

After marking a record-high open interest at $19.5 billion on Feb. 21, the metric has stabilized at $16.5 billion. This means that half of the terminated leverage positions have been reopened.

According to the top traders’ long-to-short data and various funding rate indicators, retail traders took the largest hit.

Top traders bought the dip

The top traders’ long-to-short indicator is calculated by using clients’ consolidated positions, including spot, margin, perpetual and futures contracts. Unlike the futures premium or options skew indicators, this metric gathers a broader view of professional traders’ effective net position.

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
Top traders long-to-short ratio. Source: Bybt.com

Despite the discrepancies between crypto exchange methodologies, analyzing changes over time provides valuable insights.

Top traders at Huobi held a 0.81 long-to-short ratio on Feb. 20, favoring shorts by 19%. By adding net long positions over the following 48 hours, the indicator peaked at 0.95, indicating that buy-side activity prevailed.

OKEx top traders were aggressive net buyers over the past three days. Starting from a 0.86 indicator favoring shorts by 14%, they’ve managed to revert it to a 69% net buyer position.

Lastly, Binance top traders started at 1.36, favoring net longs, but were either liquidated or opened net shorts until reaching the current 1.23 level. Either way, those traders haven’t been adding positions over the past three days.

Overall, the average top traders’ long-to-short position went from 1.01 (flat) on Jan. 20 to the current 1.37 favoring net longs. Therefore, it’s clear that arbitrage desks and whales increased their longs throughout the liquidations.

The reduced funding rate shows retail investors reduced their longs

If top traders are net buyers, then retail must be holding the other end, even if that happened through leveraged long liquidations.

To keep a balanced risk exposure, derivatives exchanges charge either perpetual futures longs (buyers) or shorts (sellers) a fee every eight hours. Known as the funding rate, this indicator will turn positive when longs are the ones demanding more leverage.

On the other hand, periods of fear and heavy selling activity lead to negative funding rate turns. This time around, shorts would be the one paying up.

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
BTC perpetual contacts funding rate. Source: NYDIG

Since Feb. 6, the average weekly funding rate has exceeded 2.3%. That happened while Bitcoin surpassed $38,000, indicating excessively leverged retail longs. On the other hand, top traders usually opt for fixed-calendar futures in order to avoid the exorbitant funding fees during rallies.

This movement faded completely on Feb. 23 as Bitcoin’s price plunged below $50,000. After briefly flirting with a negative funding rate, it has now stabilized near 0.5% per week. The metric signals that retail traders were liquidated, hence causing the indicator to return to neutral levels.

Although $50,000 sounds like a meaningful psychological level, Bitcoin’s 67% year-to-date gains will likely continue to attract investors. The modest 3% performance from the S&P 500 and a 0.6% yield on  five-year U.S. Treasury Notes offer no match for the potential upside that can be captured from cryptocurrencies.

author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Title: Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
Sourced From: cointelegraph.com/news/pro-traders-went-long-as-bitcoin-fell-to-45k-liquidating-5-9b-in-futures
Published Date: Tue, 23 Feb 2021 18:51:42 +0000

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Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures

$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?

$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?

$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?

The price of Bitcoin (BTC) plummeted by more than 17% in the last 24 hours as the futures market saw mass liquidations across the board.

Liquidations occur when leveraged futures positions fall to a certain threshold. For example, a position using 10x leverage would get liquidated or turn worthless if the price of BTC drops by 5%.

What triggered the mass Bitcoin liquidation fest?

If the Bitcoin futures market is highly overleveraged and overcrowded, a minor price movement can trigger mass liquidations.

According to analysts at Santiment, a data analytics firm, an address was responsible for the second-largest Bitcoin transaction of the year, as Cointelegraph reported.

More than 2,700 BTC were transferred right before the drop, which were bigger than the 2,000 BTC inflow seen before the March 2020 crash when Bitcoin dropped below $4,000. The analysts said:

“As we noted yesterday, there was an 11x exchange inflow spike that initiated #Bitcoin’s price correction from its $58.3k #ATH. Further data combing revealed that an address was responsible for the 2nd largest $BTC transaction of the year, an import of 2,700 tokens to the wallet before a quick sell-off. This same address also made a 2,000 $BTC import last March right as the Black Thursday correction took place. In total, it’s made 73 transactions in its one-year existence, for a total of 91,935 $BTC imported, with all tokens moving away within minutes after arrival.”
$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?
Total cryptocurrency futures liquidations. Source: Bybt

It is a possibility that a major sell-off in the spot market triggered the futures market to see intense selling pressure from many long positions getting liquidated.

When Bitcoin initially began to correct on Feb. 22, the futures funding rate of the dominant cryptocurrency was hovering at around 0.15% even as it continued to drop.

This trend showed two things: overleveraged buyers were aggressively buying each dip and the market remained overheated even as the pullback happened.

As a result, new buyers during the short-term downtrend were continuously liquidated, igniting a brutal cycle of cascading liquidations.

However, a pseudonymous trader known as “Byzantine General” described it as a “coordinated shakeout,” and said it is a healthy trend.

$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?
Bitcoin price chart with orderbook suite. Source: Byzantine General

If Bitcoin dropped on a so-called “black swan” news or some abnormality, it would be a cause for concern. But, the trader pinpointed the presence of relatively large buy orders to show that buyers are waiting to step in to buy the dip. He said:

“I’m glad I’m seeing signs of this being a coordinated shakeout because that implies that BTC is still bullish and big players just want their bids filled. If it wasn’t premeditated then it would be a lot more scary.”

In the near term, it is critical that Bitcoin defends the $45,000 support area to ensure that the short-term cycle does not enter the “bear zone.” Below it, the probability of a deeper and prolonged correction rapidly increases.

Title: $5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?
Sourced From: cointelegraph.com/news/5-64-billion-liquidated-in-24-hours-as-bitcoin-extends-losses-is-a-relief-rally-near
Published Date: Tue, 23 Feb 2021 11:38:18 +0000

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$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week’s 20% dip

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week’s 20% dip

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week's 20% dip

Bitcoin (BTC) lost 20% in a day partly thanks to the actions of a single whale, new research suggests. 

Data from on-chain analytics firm Santiment on Feb. 23 showed that BTC/USD dipped to $47,400 after Bitcoin’s second-largest transaction of 2021 took place.

Ghost of Bitcoin sell-offs past returns

The transaction, 2,700 BTC worth $156.6 million at $58,000 per token, resulted in a sale which piled pressure on the market, this snowballing into the largest one-hour candle in Bitcoin’s history.

“As we noted yesterday, there was an 11x exchange inflow spike that initiated #Bitcoin’s price correction from its $58.3k #ATH,” Santiment wrote in accompanying comments on Twitter.

“Further data combing revealed that an address was responsible for the 2nd largest $BTC transaction of the year, an import of 2,700 tokens to the wallet before a quick sell-off.”
Whale who sold Bitcoin before 2020 crash cashed out $156M before this week's 20% dip
Import chart for suspect whale sell-off address. Source: Santiment/ Twitter

The findings shed light on what exactly was happening as volatility took over for Bitcoin, which managed to recover to $54,000 before trading below $50,000 once more at the time of writing.

Some believe that the market was overextended, with naysayers in particular claiming that a bubble-like process had long been underway. Others argued that it was simply “business as usual” for crypto trading, but as Cointelegraph reported, concerns had mounted about unusual inflows to exchanges.

Santiment noted that the same address had also sold immediately before the cross-asset price crash in March 2020. At the time, Bitcoin lost almost 60% of its value and hit $3,600.

“This same address also made a 2,000 $BTC import last March right as the Black Thursday correction took place,” it revealed.

“In total, it’s made 73 transactions in its one-year existence, for a total of 91,935 $BTC imported, with all tokens moving away within minutes after arrival.”

Whales in the spotlight

Suspicions had long been eyeing whales, who had profited from small wallets selling during previous price dips throughout Bitcoin’s recent bull run. As Cointelegraph reported, the number of whale-sized wallets had been growing, while smallholders had been decreasing.

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week's 20% dip
Bitcoin whale addresses vs. BTC/USD chart. Source: Dovey Wan/ Twitter

“The most interesting side by side tells you how Bitcoin investor profile progress – ‘whales’ diminished as price elevated in the last cycle; new group of whales just keep popping up this time, while shrimps are the weak hands who sold too early,” Primitive founding partner Dovey Wan tweeted last week alongside a chart comparing the 2017 and 2021 bull runs.

“THE GREAT WEALTH TRANSFER,” she added. 

Some responses to the research meanwhile noted that the wallet in question had been responsible for a fraction of total trading volume and that its influence should therefore be limited.

“We don’t believe that one address alone triggers the price retracement of the largest crypto asset in the world, so we certainly wouldn’t want you to believe it either,” Santiment replied.

“Was this address activity a contributing factor though? Yes.”Title: Whale who sold Bitcoin before 2020 crash cashed out $156M before this week’s 20% dip
Sourced From: cointelegraph.com/news/whale-who-sold-bitcoin-before-2020-crash-cashed-out-156m-before-this-week-s-20-dip
Published Date: Tue, 23 Feb 2021 08:46:00 +0000

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Whale who sold Bitcoin before 2020 crash cashed out $156M before this week’s 20% dip

Monday, 22 February 2021

Here’s how pro traders use options to profit from Bitcoin price corrections

Here’s how pro traders use options to profit from Bitcoin price corrections

Here’s how pro traders use options to profit from Bitcoin price corrections

Bitcoin seems to be struggling at the $58,000 level, which is leading some traders to fear a more significant correction could take place.

While Bitcoin’s (BTC) 2021 performance has been incredibly strong, its current 696% gain and comments from United States Treasury Secretary Janet Yellen suggesting that cryptocurrencies are used to finance terrorism may be enough to have investors feeling a bit cautious.

Reducing open position sizes is usually the method most investors use to reduce exposure, but another way to manage risk is to use BTC options contracts to provide protection. Buying a put (sell) option is the easiest way, but it is quite costly considering the current high volatility scenario.

For example, a March 26 put option with a $56,000 strike trades at $5,300, and its holder would only profit if BTC trades below $50,700 in 32 days. That would be 12% below the current $57,500 price. This protection cost depends on the number of days until expiry and the implied volatility, or a traders’ expectation of substantial price swings.

By using call (buy) options and puts (sell), a trader can create strategies to reduce this cost. There are infinite possibilities, but for now, let’s focus on a low-cost bearish one.

Protective puts can generate a profit on the downside

This bearish strategy consists of buying a protective put in order to profit from the downside while simultaneously selling call options at higher strikes. These additional trades will cover the put option’s cost but will result in losses if BTC surpasses a certain threshold.

Here’s how pro traders use options to profit from Bitcoin price corrections
Profit / Loss estimate. Source: Deribit Position Builder

The above trade consists of buying 1 BTC contract of the March 26 put option with a $56,000 strike, while selling 1 BTC contract of the March 26 call option with a $64,000 strike.

As the estimate above shows, the end result between $56,000 and $64,000 is neutral. The trader would not incur any losses, but would also not profit from the strategy. On the other hand, if BTC drops to $46,000, or by more than 20% from $57,500, the contract holder would profit by $10,200.

In order for the trader to incur a $5,000 loss, BTC would have to reach $69,000 on March 26, which is equivalent to a 20% gain from the current price. Therefore, even though this is a bearish strategy, traders would only incur losses above $64,000, or 11% above the current price level.

This strategy provides a good risk-reward for those seeking downside protection. Moreover, there is zero upfront involved for those trades, except from the margin or collateral deposit requirements.

author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Title: Here’s how pro traders use options to profit from Bitcoin price corrections
Sourced From: cointelegraph.com/news/here-s-how-pro-traders-use-options-to-profit-from-bitcoin-price-corrections
Published Date: Tue, 23 Feb 2021 00:30:00 +0000

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Here’s how pro traders use options to profit from Bitcoin price corrections

3 reasons why Fantom (FTM) price continues to rally to new all-time highs

3 reasons why Fantom (FTM) price continues to rally to new all-time highs

3 reasons why Fantom (FTM) price continues to rally to new all-time highs

Interoperability has emerged as the hot topic in February as platforms like Binance Smart Chain and Polkadot work on building Ethereum network bridges that allow users to escape high transaction costs and network congestion.

Fantom (FTM) is the latest project to receive a boost by offering cross-chain functionality with Ethereum, and data from Cointelegraph Markets and TradingView shows a 1,570% increase in FTM price from $0.025 on Jan. 23 to a new high of $0.43 on Feb. 21.

3 reasons why Fantom (FTM) price continues to rally to new all-time highs
FTM/USDT 4-hour chart. Source: TradingView

Three fundamental reasons for Fantom’s current rally are the release of a cross-chain bridge between Ethereum and Fantom, the roll-out of on-chain governance features and the ability to stake tokens on the network while still accessing their value for use in the decentralized finance ecosystem.

Yearn.finance helps facilitate a cross-chain bridge to Ethereum

On Feb. 21, Fantom, with the help of Andre Cronje of Yearn.finance, announced the development of a cross-chain bridge with Ethereum that allows users to transfer ERC-20 tokens to Fantom to “enjoy fast and cheap transactions.”

According to the team, transactions on Fantom “are confirmed in 1-2 seconds” and “cost a fraction of a cent.” The team also promised that cross-chain functionality with other chains will be soon to follow.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for FTM on Feb. 21, prior to the recent price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

3 reasons why Fantom (FTM) price continues to rally to new all-time highs
VORTECS™ score (green) vs. FTM price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ score for FTM reached a high of 74 early on Feb. 21, shortly before the price broke out to a new all-time high.

On-chain governance boosts community involvement

Another one of the popular themes of the current bull market is the ability of tokenholders to participate in the development of the ecosystem via a governance mechanism.

On Jan. 12, the Fantom Foundation unveiled the release of on-chain governance for the Fantom network, becoming one of the first chains to support such functioning for a fully decentralized blockchain.

Through the governance mechanism, each FTM token equals one vote, and any tokenholder can submit a proposal on ways to improve the ecosystem, as well as vote on any pending proposal.

Proposal submissions cost 100 FTM, which is burned during the operation, and voting costs a fraction of 1 FTM.

The Fantom voting system differs from other governance platforms, as it offers a variety of proposal templates and the ability to express the degree of agreement with the proposal as opposed to casting a simple “yes” or “no” vote.

Fantom plans to integrate staking and DeFi features

A third motivating factor behind the recent price rise of FTM is the introduction of liquid staking, or the ability to stake tokens on the network and simultaneously access the value of the token for use in DeFi.

On most proof-of-stake networks, tokenholders have to choose between staking their tokens to secure the network and earn rewards or give up those rewards to access the value of the token as collateral or for trading purposes.

FTM holders are able to stake their tokens on the network and mint an equivalent amount of sFTM, which can then be used as collateral on the Fantom Finance DeFi platform.

Providing tokenholders with an extra way to earn a yield has proved to be an attractive incentive, and after FTM was listed on SushiSwap and 1inch on Jan. 25, its price exploded from $0.05 to $0.26 over the next three days.

Since then, FTM has been added to Coinbase Custody and the Ledger hardware wallet, as well as being chosen by the Ministry of Digital Transformation of Ukraine as the platform for the exchange of intellectual property.

Each of these developments supports the strong breakout in FTM price, and the upcoming public release of its Ethereum cross-chain bridge has placed Fantom in a good position to receive a new level of DeFi engagement. Furthermore, the prospect of transaction fees that cost less than $0.01 may prove to be an enticing incentive for crypto traders and could lead to liquidity migration. 

com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Title: 3 reasons why Fantom (FTM) price continues to rally to new all-time highs
Sourced From: cointelegraph.com/news/3-reasons-why-fantom-ftm-price-continues-to-rally-to-new-all-time-highs
Published Date: Mon, 22 Feb 2021 17:05:00 +0000

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3 reasons why Fantom (FTM) price continues to rally to new all-time highs

Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion

Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion

Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion

An important  Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures gap closed as BTC/USD suddenly dropped below $54,000 on Feb. 22. 

A CME gap forms when the price of Bitcoin moves either up or down after the CME closes during the weekend or holidays in the U.S. 

Unlike most cryptocurrency exchanges, since the CME Bitcoin futures exchange is not open at all times, a gap forms between CME and many Bitcoin trading platforms.

Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion
BTC/USDT 4-hour price chart (Binance). Source: TradingView.com

Why is the CME Bitcoin gap significant?

The CME gap is sometimes considered an important gap to fill for the Bitcoin rally to continue in the near term.

For instance, the latest gap formed when the price of Bitcoin exceeded $58,000 across major cryptocurrency exchanges, while CME’s Bitcoin futures market closed for two days.

As such, a gap at $55,504 emerged, which closed as the price of Bitcoin fell steeply after the new weekly candle opened.

#Bitcoin CME gap closed finally. https://t.co/JygwzJwClk pic.twitter.com/XYkPgKuBjp

— Fomocap trades (@Workedia) February 22, 2021

Bitcoin has a tendency to sharply correct in a short period after a new weekly candle opens. This flushes out overleveraged longs and brings some balance into the market.

Prior to the weekly candle open, the funding rate of the Bitcoin futures market ranged between 0.1% to 0.15%. This is 10 to 15-fold higher than the default 0.01% funding rate.

Although the funding rate of Bitcoin has remained relatively high throughout the bull cycle, a 0.15% funding rate indicates that the market is extremely overcrowded.

The combination of a high Bitcoin futures funding rate, the presence of a CME gap, and whales depositing to major U.S. exchanges likely fueled the drop.

Large deposits spotted on Gemini

Prior to the pullback, CryptoQuant found that large BTC deposits were transferred to Gemini, one of the leading U.S. cryptocurrency exchanges.

Before the dip, there were significant $BTC inflows into all exchanges, mostly Gemini.

Chart https://t.co/6gPk3Qbg6j pic.twitter.com/j1wDNtqNak

— CryptoQuant.com (@cryptoquant_com) February 22, 2021

When whales deposit BTC into exchanges, it typically signals an intent to sell. Hence, it is likely that some whales took profit on their positions, causing the market to dip sharply in a short period.

However, whales selling large amounts of Bitcoin can cause a bigger correction than usual because it leads to cascading liquidations in the futures market.

Many overleveraged longs can get liquidated consecutively, amplifying the effect of the whale-induced sell-off. Data shows that over $1 billion worth of futures contracts were liquidated in the last 24 hours.

After the drop, traders are anticipating a gradual recovery. Scott Melker, a cryptocurrency trader and technical analyst, said that recent history indicates dips do not last long. He wrote:

“I have no idea what happens here, but recent history shows that dips have not lasted long. Would love to see another slow float back up after this bit of selling. Of course we could drop, but each move like this of late has been a buying opportunity.”Title: Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion
Sourced From: cointelegraph.com/news/fuel-for-a-broader-bitcoin-rally-btc-dip-fills-futures-gap-liquidating-1-billion
Published Date: Mon, 22 Feb 2021 12:03:03 +0000

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Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion

7 Steps To Market Your Business For The Very Best Rate

Depend on his procedure and you will locate the best buyer for your business. Peterson Acquisitions differs any kind of business broker you ...