If you click "symbol" it will show you the combination of the exchanges they have data available for. "Pair" let's you look by exchange.
There is a long description underneath the graph that tells you how to read it. I use the version that is colored purple to yellow. Purple being no liquidation leverage and yellow being where most leverage is.
When the price hits one of the liquidation points that is why the lines break because in theory those people got liquidated.
This is less helpful in telling you exactly how much leverage is out there. Not all futures data is going to be public. But it is helpful in telling you the price range people collectively are holding us in.
Right now we are being held between 10.4 cents and about 11.4 cents. About 11k of long leverage and about 11k of short leverage.
Even if it does not have all the data, it is still surprising to me how small the numbers are.
This is the normal way that trading is played?
Futures are a different animal than most trading. Lots of moving pieces and a lot of people lose a lot of money when they get greedy or just do not know what they are doing. Futures really should be hedging tools if anything in my opinion.
But you can see what is happening to some extent with the price action. Like we would have gone a little higher earlier but there are some trader(s) that opened a short position around 10.7 cents
So, the green bars are not leveraged and the yellows ones are?
What are these short bars in the middle?
I'm gonna have to spend some time looking around that site to see what I can figure out for myself, thanks for giving it to me.
Some time back, when I figured out how much trading was actually involved in keeping the hive going, I softened my rhetoric a bit.
Most folks don't know what kinds of effort goes into that aspect of the hive.
It's something they never see, for the most part.
I keep hoping a trade guru will start posting howto's to encourage more crowd sourced liquidity on the internal market.
The stabilizer really serves the crowd with what it does.
So you can hover your mouse over the lines and see how much leverage is sitting there (based on the exchanges that are included in the data). Yellow means there is more leverage sitting there and green means it is not as much leverage. Purple is no leverage.
The short lines are where leverage got liquidated. The long lines that go all the way to the right are where people still have positions open.
I have been doing this with the btc chart for a couple of years now. I used to actively trade btc treasury companies (not anymore though) and I will look to see where leverage is before making a move.
Typically where the most leverage is the price gets pulled to those numbers and then once the leverage gets liquidated the price goes back to more of a "equilibrium."
That is a handy chart.
It's a tab that will stay open from now on.
Third party risk is off the charts now.
One failure to deliver and poof!
I am glad you like the chart. It's fun to watch imo but I am a bit of a nerd for this stuff XD.
For sure on the third party risk. On that note, spot bitcoin ETFs were probably a bad idea long-term but they are a lot cheaper to maintain than BITO (the BITO ETF uses futures contracts so it is actively managed).
I have no idea what is going to happen with bitcoin treasury companies. I would guess a lot of them will be taken private so they have more flexibility when it comes to buying and selling Bitcoin.
The deal in the current economic system is give me your money now, I will do whatever I please with it(read the small print) and at some point in the future I promise to give you some money back, maybe.
Nobody buys crypto on that offer, except the eos
suckerstrubeliebers, why would they buy it in the real world?Effective brainwashing.
The smart gypsies/jews/jehovah's witnesses got out of germany before things got impossible.