DeFi Daily News
Monday, June 30, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Netflow Spikes To Derivatives Markets – Is a Price Swing on the Horizon?

Samuel Edyme by Samuel Edyme
October 26, 2024
in Ethereum
0 0
0
rewrite this title Ethereum Netflow Spikes To Derivatives Markets – Is a Price Swing on the Horizon?
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Este artículo también está disponible en español.

Ethereum (ETH) has experienced a lackluster phase in recent weeks, with the asset seeing small price surges but still struggling to hold near or above the $3,000 mark after a brief rally in August.

According to a recent analysis from a CryptoQuant analyst, the behind the scenes of this price struggle for ETH has been quite interesting, with the asset seeing a significant shift in its netflow.

This shift in Ethereum’s netflow could have significant implications for ETH, potentially influencing the market’s reaction positively or negatively.

Related Reading

Dissecting The Ethereum Netflow

The CryptoQuant analyst Amr Taha revealed in a recent post on the CryptoQuant QuickTake platform that Ethereum has recently experienced a spike in netflows, with approximately 96,000 ETH moving into derivative exchanges.

Bitcoin Exchange Netflow. | Source: CryptoQuant

According to Taha, this influx could indicate that traders are positioning for potential price shifts, as large transfers to derivatives platforms have historically preceded periods of increased volatility or even corrections.

Taha’s analysis, backed by previous spikes in May and early July, suggests that Ethereum’s current activity might foreshadow a heightened period of market movement. The analyst wrote:

The latest spike in netflow could signal another period of heightened market activity, potentially a price correction or a sharp move based on trader positioning.

Market Sentiment Drawn From Bitcoin

In addition to Ethereum’s netflows, Taha delved into Bitcoin’s Futures Sentiment Index, observing that this metric shows peaks in sentiment that may serve as indicators of broader market behavior.

Bitcoin futures sentiment index.
Bitcoin futures sentiment index. | Source: CryptoQuant

He pointed out three instances where the sentiment index spiked, marked by red-circled peaks (in the chart above), each time coinciding with a local market top. This trend implies that, following peaks in trader sentiment, Bitcoin’s price typically experiences a decline.

The sentiment index, thus, can serve as a “contrarian indicator”—when optimism peaks, price corrections often follow. These sentiment patterns may signal that investors should brace for potential volatility for Ethereum, which is highly correlated with Bitcoin.

Related Reading

Meanwhile, Ethereum has continued to hover somewhere below $3,000. So far, the asset has registered a correction in the past week, dropping by 3.1%. However, the past day performance is attempting to be more positive.

Over this period, Ethereum has seen a slight increase of 0.9%, rising to as high as $2,559 earlier today before now trading for $2,541, at the time of writing.

Ethereum price chart on TradingView
ETH price is moving upwards on the 2-hour chart. Source: ETH/USDT on TradingView.com

Despite the notable fluctuation the asset has seen in the past week alone, rising to above $2,700 and dropping below $2,500, Ethereum daily trading volume seems to have maintained composure.

Data from Coingecko shows that this metric has remained between $15 billion and $19 billion in the past week with no major spike or decline.

Featured image created with DALL-E, Chart from TradingView

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: DerivativesEthereumHorizonMarketsNetflowPricerewriteSpikesSwingtitle
ShareTweetShare
Previous Post

Possible Inevitability of XRP Death Cross According to Coin Media

Next Post

“I Haven’t Made a Single ETH Sale” | Coin Media

Next Post
“I Haven’t Made a Single ETH Sale” | Coin Media

"I Haven't Made a Single ETH Sale" | Coin Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

June 13, 2025
rewrite this title Why Spanish Vanadi Coffee’s .1B Bitcoin Bet Will ‘Likely Fail’ – Decrypt

rewrite this title Why Spanish Vanadi Coffee’s $1.1B Bitcoin Bet Will ‘Likely Fail’ – Decrypt

June 30, 2025
rewrite this title XRP Price Springs Higher — Rally Reignited with Bullish Momentum

rewrite this title XRP Price Springs Higher — Rally Reignited with Bullish Momentum

June 30, 2025
rewrite this title with good SEO Crypto Regulation: Turkish Authorities Announce New Stringent Regime – Details

rewrite this title with good SEO Crypto Regulation: Turkish Authorities Announce New Stringent Regime – Details

June 29, 2025
rewrite this title Flamengo 2-4 Bayern Munich: Kane brace sets up Club World Cup last eight clash with PSG

rewrite this title Flamengo 2-4 Bayern Munich: Kane brace sets up Club World Cup last eight clash with PSG

June 29, 2025
rewrite this title Superman Cast Teases New Movie With Hilarious Behind The Scenes Clip | Celebrity Insider

rewrite this title Superman Cast Teases New Movie With Hilarious Behind The Scenes Clip | Celebrity Insider

June 29, 2025
rewrite this title Variable Universal Life Insurance (VUL): What You Need to Know – NerdWallet

rewrite this title Variable Universal Life Insurance (VUL): What You Need to Know – NerdWallet

June 29, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.