#leverage 2.03

[leverage-ot3]

it’s the naruto run for me honestly

#leverage redemption #leverage redemption spoilers #lr spoilers #the tournament job #leverage redemption 2.03 #leverage #mine #okay it’s 12:04 am and I have work my alarm goes off at 6:30 I need to SLEEP

[scleroticstatue]

Leverage Bad Guys by Type

1.01: businessmen

1.02: politicians

1.03: criminals

1.04: businessmen

1.05: businessmen

1.06: businessmen (with minor criminals)

1.07: corporation

1.08: politicians

1.09: criminals (with minor politicians)

1.10: businessmen

1.11: criminals

1.12: businessmen

1.13: businessmen

2.01: businessmen and criminals

2.02: businessmen

2.03: businessmen

2.04: businessmen but also criminals

2.05: newscaster

2.06: businessmen

2.07: criminals with minor businessmen

2.08: businessmen with minor criminals

2.09: businessmen

2.10: criminals but also businessmen

2.11: criminals

2.12: politicians

2.13: businessmen with minor criminals

2.14: politicians

2.15: politicians and criminals

3.01: businessmen

3.02: businessmen

3.03: businessmen

3.04: politicians

3.05: businessmen

3.06: businessmen

3.07: militiamen

3.08: businessmen and criminals

3.09: criminals

3.10: businessmen

3.11: it's complicated

3.12: criminals

3.13: businessmen who're criminals

3.14: businessmen with criminals

3.15: criminals

3.16: politicians and criminals

4.01: businessmen

4.02: businessmen

4.03: businessmen

4.04: criminals

4.05: businessmen

4.06: businessmen but criminals

4.07: businessmen and criminals

4.08: criminals

4.09: businessmen

4.10: scientists

4.11: college kids and politicians

4.12: businessmen

4.13: criminals

4.14: criminals

4.15: criminals

4.16: businessmen

4.17: criminals but it's complicated

4.18: criminals but it's complicated

5.01: businessmen

5.02: businessmen

5.03: businessmen

5.04: businessmen

5.05: businessmen with minor politicians

5.06: criminals

5.07: criminals

5.08: criminals

5.09: criminals

5.10: businessmen

5.11: businessmen

5.12: businessmen

5.13: businessmen

5.14: businessmen but also criminals but also politicians

#fun little experiment #data collection #leverage #i distinctly remember more politicians so I'll need to do a rewatch this month and clean this up

[echofades]

PARKER & HARDISON - Leverage: Redemption | 2.01 - 2.03

#leverage #leverage redemption #leverageedit #parker x hardison #leverage spoilers #leverage redemption spoilers #photoset #clocking in to collect my crumbs #+ the tshirt cannons I couldn't fit in #A HAND BEJEWELLED TASER WITH A PRETZEL ON IT #come on #they cute #(pls kiss though) #also I'm like 90% convinced she said our third date in that last scene #right?? #bc I always check the subtitles before giffing and on amazon the subs say 'had their day' #but like.. that's wrong #if I'm the one who's wrong then I'll just sit here embarrassed I guess

[rohitpalan]

Market Evolution: FMI's Forecast for Millimeter Wave Technology

The millimetre wave technology market is expected to grow at an astounding 39.0 percent CAGR between 2022 and 2032. According to FMI, the market for millimetre wave technology is expected to grow from US$ 2.03 billion in 2022 to US$ 76.58 billion by 2032.

Millimetre waves are anticipated to have a significant impact on the advancement of fifth-generation technologies since greater bandwidths are required. It is projected that the market for millimetre wave technology would expand significantly over the course of the projection period as a result of the market’s transition towards the adoption of fifth-generation technology.

Millimeter wave (MV) technology is a special type of electromagnetic wave technology. It is a mature technology and recently has been adopted in various application across industries. In the perspective of wireless communication, the millimeter wave generally occupy frequency range between 30 GHz to 300 GHz.

Request a Sample of this Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-1288

Drivers and Opportunities:

The Millimeter Wave Technology Market’s meteoric rise can be attributed to several key drivers and opportunities. Millimeter wave technology’s unparalleled capabilities in high-speed data transmission and its crucial role in the development of 5G networks are chief among them. Moreover, its increasing adoption in various industries such as telecommunications, healthcare, and automotive is fostering substantial market growth. As the demand for high-speed, low-latency connectivity continues to rise, millimeter wave technology is at the forefront, offering immense opportunities for market players to explore.

Competitive Landscape – Regional Trends:

In the intensely competitive Millimeter Wave Technology Market, regional trends play a pivotal role. Various regions across the globe are witnessing diverse patterns in the adoption and implementation of millimeter wave technology. While North America leads the charge with a strong presence of key market players and significant investments in 5G infrastructure, Asia-Pacific is rapidly catching up, driven by the burgeoning demand for high-speed connectivity in countries like China and India. Europe, too, is showing a growing inclination toward millimeter wave technology. The competitive landscape in these regions is marked by collaborations, acquisitions, and innovations as companies strive to gain a competitive edge.

Restraints:

Despite its promising growth trajectory, the Millimeter Wave Technology Market is not without its challenges. Regulatory hurdles, spectrum allocation issues, and concerns over the potential health effects of prolonged exposure to millimeter wave frequencies are some of the notable restraints. Overcoming these obstacles while ensuring the responsible deployment of this technology will be crucial for sustained market expansion.

Region-wise Insights – Category-wise Insights:

Region-wise, North America remains a dominant force in the Millimeter Wave Technology Market, driven by continuous advancements in 5G technology and widespread adoption. In Asia-Pacific, the market is witnessing exponential growth, primarily due to the rapid urbanization and increasing demand for high-speed internet services. Europe is also embracing millimeter wave technology in various applications, including autonomous vehicles and industrial automation.

Category-wise, the telecommunications sector remains the frontrunner in adopting millimeter wave technology, followed closely by the automotive industry, where it’s used for advanced driver assistance systems (ADAS) and autonomous vehicles. The healthcare sector is also leveraging millimeter wave technology for innovative medical imaging and diagnostics.

Request for Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1288

Key segments

By Product:

Telecom Equipment

Imaging & Scanning Systems

By Application:

Telecommunications

Military & Defense

Automotive & Transport

Healthcare

Electronics & Semiconductor

Security

By Frequency Band:

V-Band

E-Band

Other Frequency Bands

By Component:

Antennas & Transceivers

Amplifiers

Oscillators

Control Devices

Frequency Converters

Passive Components

Others

By Region:

North America

Latin America

Europe

Asia Pacific

MEA

#Millimeter Wave Technology Market

[metamoonshots]

The futures market has historically been a barometer for investor sentiment. Open curiosity, representing the entire variety of excellent futures contracts that haven't been settled, is a measure of market exercise. Traditionally, rising Bitcoin costs have been correlated with a rise in open curiosity, signaling heightened speculative exercise. Nevertheless, Bitcoin’s latest ascent previous $28,000 defies this development. Regardless of this week’s rally, open curiosity in Bitcoin futures has notably declined. Particularly, open curiosity, as a share of Bitcoin’s market cap, is approaching a year-to-date low of 1.82%. This marks a 28% decline from figures in the beginning of the 12 months. Such a contraction in open curiosity usually signifies a decline in speculative buying and selling, a shocking development given the cryptocurrency’s bullish momentum. Graph exhibiting Bitcoin futures open curiosity as a share of the entire market cap in 2023 (Supply: Glassnode) Digging deeper into the futures market reveals extra about this evolving dynamic. The futures open curiosity leverage ratio, which measures the entire open curiosity of futures contracts relative to the underlying asset’s market cap, supplies a lens into merchants’ danger urge for food. On Sept. 27, this ratio stood at 1.91%, rising to 2.03% on Sept. 28, solely to drop again to 1.85% by Oct. 1. An analogous development was noticed within the perpetual futures open curiosity leverage ratio, which rose from 1.4% to 1.46% after which decreased to 1.38% inside the identical timeframe. Regardless of the additional worth enhance on Oct. 1, the drop in leverage ratios may point out that merchants have been changing into extra cautious or taking income. It means that some merchants might need been anticipating a possible worth correction or consolidation, and therefore, they decreased their leveraged positions to reduce danger. Graph exhibiting the open curiosity leverage ratio for Bitcoin futures and perpetual futures from July 6 to Oct. 3, 2023 (Supply: Glassnode) One other metric, the futures estimated leverage ratio throughout exchanges, dropped from 0.23 on Sept. 28 to 0.21 on Oct. 1. The metric supplies a median measure of the leverage utilized by merchants within the futures market. When this ratio decreases, it usually signifies that merchants use much less leverage throughout exchanges. Graph exhibiting the estimated leverage ratio for Bitcoin futures throughout all exchanges from Sep. 3 to Oct. 3, 2023 (Supply: Glassnode) The preliminary enhance in leverage ratios on Sept. 28 may counsel that merchants have been utilizing extra borrowed funds to invest on additional worth will increase. Nevertheless, the following drop in each the particular futures open curiosity leverage ratios and the overall estimated leverage ratio throughout exchanges by Oct. 1 signifies a broader development of decreased leverage use. At the same time as Bitcoin’s worth continued to rise, merchants, on common, decreased their leverage. This may counsel that merchants have been managing their danger by not over-leveraging in a market that had lately seen vital worth motion. The rising worth of Bitcoin amidst falling open curiosity and decreased leverage signifies that the present worth rally is likely to be pushed much less by short-term hypothesis and extra by real long-term investor confidence. This might imply elevated participation by institutional buyers or a broader shift in retail investor technique from speculative buying and selling to long-term holding. Whereas decreased speculative exercise can stabilize the market and cut back volatility, it additionally signifies decreased liquidity. For merchants, which means whereas the market is likely to be much less susceptible to sudden worth corrections attributable to liquidation occasions, it may be much less responsive to purchase or promote orders, resulting in potential worth slippages. The put up

Declining open interest in futures market contrasts Bitcoin’s bullish rally appeared first on CryptoSlate.

[twins2994]

San Diego Padres-Los Angeles Dodgers Preview

10.11.22- Mike Clevinger RHP (7-7) 4.33 ERA Vs. Julio Urias LHP (17-7) 2.16 ERA

10.12.22-Yu Darvish RHP (16-8) 3.10 ERA Vs. Clayton Kershaw LHP (12-3) 2.28 ERA

10.14.22-Blake Snell LHP (8-10) 3.38 ERA Vs. Tyler Anderson LHP (15-5) 2.57 ERA

10.15.22- 

10.16.22-

The Padres At A Glance-  The Padres edged the Mets in the only Wild-Card series that went three games over the weekend. All three games were semi-blowouts. The Padres took the first game 7-1 then evened the series in a 7-3 win. San Diego shutout New York 6-0 to advance and play the rival Dodgers in the Division Series. Trent Grisham hit 4-for-8 with two homers and three RBI in the Wild-Card series. Austin Nola hit 4-for-9 with two runs knocked in. The Padres hit five home runs in the three games. The pitching staff allowed ten runs in the three-game series. Yu Darvish and Joe Musgrove each gave the team seven solid innings to save the bullpen. Blake Snell wasn’t as sharp on Saturday and it’s undetermine if he’ll get a start in the series based of his lack of success against the Dodgers this year. Josh Hader closed out the regular season by allowing just one earned run over his past 11 1/3 innings pitched. The Padres bullpen was middle of road in the regular season and might seal their fate in this round. The bullpen didn’t need to pitch in high leverage situations over the weekend, but this series will be fairly close. 

The Dodgers At A Glance- The Dodgers had a great season with a franchise record 111 wins. They essentially won the National League West by Labor Day and got to rest some guys unlike last year. 2021 was such a long race with the Giants only to lose the division title and knock off the Giants in the first round. They were on fumes in the Championship Series and lost to the Braves. The Dodgers lineup is almost perfect. Mookie Betts starts it off and he had thirty-five homers and eight-two RBI on the year. He bowled a perfect game while the Dodgers had a little break. Trea Turner brings speed and knocked in a hundred runs in the regular season. Freddie Freeman finished second in the batting race with a .325 average and hit twenty-one homers. Will Smith had twenty-four homers behind the plate. Cody Bellinger occasionally ran into a long ball and played solid defense all year long. Trayce Thompson emerged as a fourth outfielder and played against lefties a lot. Tyler Anderson and Tony Gonsolin really carried the rotation throughout the year. Clayton Kershaw and Andrew Heaney were good when healthy. Julio Urias continues to quietly put up good numbers. The biggest question mark is the closing position. Craig Kimbrel struggled and was removed from the closer role late in the year. Blake Treinen should make the NLDS roster, but he hasn’t pitching since September 5th. Brusdar Graterol, Tommy Kahnle, Evan Phillips, Alex Vesia, and David Price should get high leverage roles, but nobody has a ton of closing exprience outside of Kimbrel. 

What To Watch For- The Dodgers went (14-5) against the Padres in 2022. Los Angeles out-scored San Diego 109-47 in the regular season. Mike Clevinger has a 9.69 ERA in three career starts against the Dodgers. Julio Urias is (6-1) with a 2.19 ERA in fifteen games versus the Padres. Manny Machado has four career homers off Urias. Yu Darvish is (3-5) with a 2.47 ERA in ten starts against the Dodgers. Freddie Freeman has two homers off Darvish. Clayton Kershaw is (23-9) with a 2.03 ERA in forty-five starts against San Diego. Manny Machado has three homers off his former teammate. Blake Snell has a 2.50 ERA in nine starts against the Dodgers. Joey Gallo and Chris Taylor have two homers off Snell. Tyler Anderson is (6-3) with a 2.36 ERA in fifteen games against the Padres. The series will likely come down to which bullpen can perform better in close games. There might be a blowout or two, but the Padres didn’t have to play close games in the Wild-Card series. The Padres can get their revenge after the Dodgers beat up on them all season long. 

-Chris Kreibich-

#Dodgers #WinForVin

[aj-lenoire]

okay so is eliot noticing that the kid at the hospital was obviously beaten by his father just meant to show that eliot is a good dude who’ll look out for the little guy or are we going to find out later that he was beaten by his father and it’s the first piece in his demonstrably violent and traumatic past that may or may not have culminated in him committing war crimes and destabilising myanmar

#aw jeez did eliot commit war crimes #what with how he approaches the kid—i'm leaning towards the latter #it's fucking heartbreaking #but the addition of the dad being friends with all the cops is a nice (if tragic) touch #something like 40% of american men police officers abuse their families—that's so fucked!! and it's just the ones we KNOW about #anyway—the way eliot asks bob to do him a favour at the end? how he watches from the car? i'm actually crying #your honour I LOVE HIM #leverage #2.03 the order 23 job #eliot spencer #abuse #aj watches #aj watches leverage

[feuer-bluete]

I'm rewatching Leverage and The Order 23 Job hits uh different when you are sitting at home during lockdown...

#leverage #season 2 #2x03 #2.03 #the order 23 job #pandemic #like geez dudes

[yennciri]

Leverage Rewatch: 2.03 The Order 23 Job

#leverageedit #leverage #hardison x eliot #* #levrew #two children

[dirtbagdefender]

Leverage  ↳   2.03 – The Order 23 Job

#leverage #nathan ford #alec hardison #eliot spencer #timothy hutton #aldis hodge #christian kane #tv show gifs #appreciation gifset

[fatalst]

parker in every episode of leverage

↳ 2.03 “The Order 23 Job”

#parker #leverage #parker leverage #leverageedit #leverage tnt #my gifs #leverage!* #parkereps*

[leverage-ot3]

look all I’m saying is that the order 23 job and the rundown job hit different in these trying times

#notable mention to the broken wing job bc quarantine #leverage #leverage season 2 #season 2 #leverage 2.03 #leverage 2x03 #leverage season 5 #season 5 #leverage 5.09 #leverage 5x09 #the order 23 job #the rundown job #the broken wing job #mine

[calamity-bean]

harlots theories as of 2.04

I gotta say, I felt pretty gratified by much of the new information we learned this episode — it did a lot to resolve or to strongly hint toward a few of this season’s Burning Questions so far, and mostly in ways that align with what I’ve been expecting! But it also spawned a new theory or two, and I’m ... not really on board with some of the new spec.

But let’s start with the theories I do agree with.

Harcourt Is the Archon

I postulated this after the first dang week of the season, and although the show still hasn’t used the A word to refer to him, this episode has me feelin’ pretty dang confident. He’s now explicitly self-identified as a Spartan, and the extremely assured authority he wields over both Lidington and Fallon indicates that he must be pretty far up the totem pole. Not to mention that this episode confirms a capacity for sexual violence, though that was already hinted at by the way Isabella flinches away from his creepy caresses.

So this one’s not #confirmed as yet, but it’s lookin’ strong.

Hunt + Amelia

Technically this is confirmed by the 2.05 sneak peek, but c’mon, we all saw SOMETHING coming between them from the very beginning. Yes, as many many people have speculated: Hunt’s gonna propose to Amelia. What remains to be seen is the exact motive here. Does Hunt genuinely desire Amelia? Is that what drives his proposal? Or is this more a match of pragmatism — a way to achieve safety and security for Amelia, and by extension Florence? I’ve leaned toward the latter thus far (i.e., that it’s primarily about security rather than romance in and of itself), and my feelings about that were strengthened by Hunt’s offer to help Amelia in 2.03 and, in this episode, by Florence declaring that she and Amelia must find “their own shield” against Lydia.

Isabella Has an Illegitimate Child, and the Father Is...

Horribly, I think we’re all pretty sure it’s Harcourt, right.

I’ll admit that I was only 50/50 on whether the kid would even exist. Some hints have been made toward it — Lydia, for example, saying that Isabella’s secret was “growing” by the day — but I was also considering whether her preference for the fairer sex might be a big enough scandal to be the “secret” on its own. Now that we know there IS a child ... This post (not mine) does a great job of exploring possible paternities, so I won’t restate those possibilities here, but considering the way Harcourt is around Izzy, I’m in agreement with what seems to be the popular opinion/fear.

But you know what I reeeeeaaally doubt???

Isabella’s Illegitimate Child Is CHARLOTTE

...Look. Is it possible? Sure, I mean, I guess. Liv Tyler is the same age as Samantha Morton. They would both have had to be pretty young when Charlotte was born, but biologically, it could work. But — and no offense to anyone who’s been speculating on it! I’ve speculated in favor of some MAD theories in my time! — this theory is a MESS when it comes to narrative and theme.

Narratively, you have to twist yourself in SO many knots to make sense of it. So, is the idea here that Isabella doesn’t know Charlotte’s her kid? That she gave Charlotte to Lydia at birth? Why Lydia, of all people? And if Lydia was SO fond of baby Charlotte (as Mrs. May tells us in 2.03), why did she give Charlotte to Mags to raise, even though Mags was apparently a very indifferent mother at first? Why wouldn’t Lydia just raise Charlotte as her own? And if Charlotte is Izzy’s daughter but Izzy doesn’t know it, why SEND CHARLOTTE — Lydia’s LEVERAGE AGAINST IZZY — to Isabella, thus ensuring their meeting and risking them learning about their relationship, which would undermine Lydia’s hold on them both??? Not to mention that Lydia and Isabella refer to this child as a CHILD, Lydia refers to it as GROWING, they do NOT speak of it in a way that sounds to me as though it’s a grown-up or that Isabella doesn’t know who it is. If she DOES know who it is and it IS Charlotte, then ummmmm okay, Izzy sure is KNOWINGLY sending her daughter roses and flirting with her and kissing her on the mouth! That sure is a thing!

And even if it somehow works narratively ... Thematically, I hate it. Charlotte’s relationships with her mother and with Lydia as a mother figure are immensely complicated, a complication enhanced by the twisted codependence and trauma of Mags and Lydia’s own mother-daughter-esque relationship. But that network of relationships is complicated in a way that all makes sense. It all feeds into each other. It’s really wonderfully well drawn. Retroactively shoehorning Isabella into that tightly interconnected network of histories and relationships would be really out of place.

Not to mention that if Harcourt IS the father of Isabella’s child, it would mean that Charlotte is not only kissing her mother but FUCKING HER FATHER and PLEASE, Harlots, can we not.

Watch me look like an absolute fool if this somehow becomes canon in the next couple weeks, but I will NOT be any better pleased about it.

#harlots hulu #charlotte wells #isabella fitzwilliam #lydia quigley #josiah hunt #amelia scanwell #harcourt #harlots meta #my meta #harlots spoilers #harlots 204 #op #harlots

[coinwealth]

2 key indicators cast doubt on the strength of the current crypto market recovery

Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data is heavily impacted by the top 5 coins, which happen to include two stablecoins.

Excluding Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) and stablecoins reflects a 9.3% market capitalization increase to $418 billion from $382 billion on Feb 4. This explains why so many of the top-80 altcoins hiked 25% or more while very few presented a negative performance.

Winners and losers among the top-80 coins. Source: Nomics

Gala Games (GALA) announced on Feb. 9 a partnership with world renowned hip-hop star Snoop Dogg to launch his new album and exclusive non-fungible token (NFT) campaign. Gala Games also has plans to support additional content like access to films, comics, and more in the future.

Theta Network (THETA), a decentralized video sharing platform, was fueled by a Theta Labs funding grant to Replay, a Web3 content payment and tracking protocol for content owners. According to the release, Replay’s end-to-end solution will allow Theta users to be fairly rewarded for their contributions.

XRP also rallied after Ripple got permission for a ‘fair notice defense’ to the U.S. Securities and Exchange Commission (SEC). The decision refers to the ongoing court case in which the SEC claimed that Ripple sold XRP as illegal securities.

On the other hand, the worst performers included decentralized storage protocols Arweave (AR) and Dfinity (ICP). Meanwhile, Cosmos (ATOM) saw the total value locked in the CosmosHub smart contract drop by 82% to $1.2 million.

Lastly, Solana (SOL) continued to reflect the negative sentiment directly connected to the Wormhole token bridge smart contract that was exploited on Feb. 2. The $321 million wrapped Ethereum hack was the largest loss so far in 2022.

Tether premium reflects low retail demand

The OKEx Tether (USDT) premium measures the difference between China-based peer-to-peer (P2P) trades and the official U.S. dollar currency. Excessive cryptocurrency retail demand tends to pressure the indicator above fair value, or 100%. On the other hand, bearish markets likely flood Tether’s market offer, causing a 4% or higher discount.

Tether (USDT) peer-to-peer vs. USD/CNY. Source: OKX

Currently, the metric has a 99.5% reading, which is neutral, but the gap has been closing over the past 6 weeks. This signals that retail demand is picking up and is a positive reading considering that the total cryptocurrency capitalization remains 35% below the $3 trillion all-time high.

Futures markets confirm the lack of “euphoria”

Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. Those measures are established to avoid exchange risk imbalances.

A positive funding rate indicates that longs (buyers) demand more leverage. However, the opposite situation occurs when shorts (sellers) require additional leverage, and this causes the funding rate to turn negative.

Perpetual futures 8-hour funding rate on Feb. 11. Source: Coinglass

As depicted above, the eight-hour fee is either zero or slightly negative in most cases. This data indicates a balanced leverage demand from longs (buyers) and shorts (sellers). Had there been a relevant risk appetite from either side, the rate would be above 0.05%, equivalent to 1% per week.

Perpetual futures are retail traders’ preferred derivatives because its price tends to track the regular spot markets. The Tether premium and the funding rate are neutral-to-bearish despite the 4% weekly gain, but one should factor in that cryptocurrencies have recently faced a 50% drawdown, meaning these indicators are somewhat skewed.

The views and opinions expressed here are solely those of the 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.

//platform.twitter.com/widgets.js

source https://usapangbitcoin.org/2-key-indicators-cast-doubt-on-the-strength-of-the-current-crypto-market-recovery/

source https://usapangbitcoin.wordpress.com/2022/02/13/2-key-indicators-cast-doubt-on-the-strength-of-the-current-crypto-market-recovery/

[authorrubybinnscagney]

The Equalizer - Episode 2.03 - Leverage

Don't miss 'The Equalizer - Episode 2.03 - Leverage' on CBS.

McCall is hired by a concerned mother who suspects her teen son has joined a local gang, leading McCall to the boy’s surprising motivation behind his spiraling behavior. Also, Delilah faces anxiety as she prepares to speak at her friend Jason’s memorial service, and Dante worries when the new detective pursuing McCall sets his sights on unmasking the people closest to her. THE EQUALIZER airs…

View On WordPress

#CBS #Paramount+ #the equalizer

[metamoonshots]

The futures market has historically been a barometer for investor sentiment. Open curiosity, representing the full variety of excellent futures contracts that haven't been settled, is a measure of market exercise. Traditionally, rising Bitcoin costs have been correlated with a rise in open curiosity, signaling heightened speculative exercise. Nonetheless, Bitcoin’s current ascent previous $28,000 defies this pattern. Regardless of this week’s rally, open curiosity in Bitcoin futures has notably declined. Particularly, open curiosity, as a share of Bitcoin’s market cap, is approaching a year-to-date low of 1.82%. This marks a 28% decline from figures in the beginning of the yr. Such a contraction in open curiosity usually signifies a decline in speculative buying and selling, a stunning pattern given the cryptocurrency’s bullish momentum. Graph exhibiting Bitcoin futures open curiosity as a share of the full market cap in 2023 (Supply: Glassnode) Digging deeper into the futures market reveals extra about this evolving dynamic. The futures open curiosity leverage ratio, which measures the full open curiosity of futures contracts relative to the underlying asset’s market cap, gives a lens into merchants’ danger urge for food. On Sept. 27, this ratio stood at 1.91%, rising to 2.03% on Sept. 28, solely to drop again to 1.85% by Oct. 1. An analogous pattern was noticed within the perpetual futures open curiosity leverage ratio, which rose from 1.4% to 1.46% after which decreased to 1.38% throughout the identical timeframe. Regardless of the additional value enhance on Oct. 1, the drop in leverage ratios may point out that merchants have been changing into extra cautious or taking earnings. It means that some merchants might need been anticipating a possible value correction or consolidation, and therefore, they diminished their leveraged positions to attenuate danger. Graph exhibiting the open curiosity leverage ratio for Bitcoin futures and perpetual futures from July 6 to Oct. 3, 2023 (Supply: Glassnode) One other metric, the futures estimated leverage ratio throughout exchanges, dropped from 0.23 on Sept. 28 to 0.21 on Oct. 1. The metric gives a median measure of the leverage utilized by merchants within the futures market. When this ratio decreases, it usually signifies that merchants use much less leverage throughout exchanges. Graph exhibiting the estimated leverage ratio for Bitcoin futures throughout all exchanges from Sep. 3 to Oct. 3, 2023 (Supply: Glassnode) The preliminary enhance in leverage ratios on Sept. 28 may recommend that merchants have been utilizing extra borrowed funds to invest on additional value will increase. Nonetheless, the following drop in each the precise futures open curiosity leverage ratios and the overall estimated leverage ratio throughout exchanges by Oct. 1 signifies a broader pattern of diminished leverage use. At the same time as Bitcoin’s value continued to rise, merchants, on common, diminished their leverage. This may recommend that merchants have been managing their danger by not over-leveraging in a market that had not too long ago seen important value motion. The rising value of Bitcoin amidst falling open curiosity and diminished leverage signifies that the present value rally is perhaps pushed much less by short-term hypothesis and extra by real long-term investor confidence. This might imply elevated participation by institutional buyers or a broader shift in retail investor technique from speculative buying and selling to long-term holding. Whereas diminished speculative exercise can stabilize the market and cut back volatility, it additionally signifies diminished liquidity. For merchants, because of this whereas the market is perhaps much less liable to sudden value corrections on account of liquidation occasions, it is also much less responsive to purchase or promote orders, resulting in potential value slippages. The put up Declining open interest in futures market contrasts Bitcoin’s bu

llish rally appeared first on CryptoSlate.