The real estate profession is considered one of the most rewarding but still many real estate agents fail to stay within the industry. Even top real estate brokers admit that the average number of successes are quite low in the real estate profession. A large portion of new realtors end up leaving the industry within their first 5 years. Many realtors don’t make much money, they have no benefits and they have no retirement plan. However, there are lots of top-tier agents who make a lot of money and also have a much better retirement plan than other realtors. If you also aspire to make a career in this profession, have a look at what successful agents do, and what mistakes unsuccessful ones make. Why Be a Realtor? Being a real estate agent has some great advantages and the largest downside to this career path is the difficulty to become … Continued
A quant explains why the current high Bitcoin leverage ratio values may mean that more price drop could be coming soon. Current Bitcoin Leverage Ratio Is At High Values As explained by an analyst in a CryptoQuant post, the current BTC leverage ratio has high values, and if past pattern is anything to go by, a correction may be coming to the price soon. The “estimated leverage ratio” is an indictor that’s defined as the value of the Bitcoin open interest divided by the reserve of all exchanges. In simpler terms, what this metric tells us is the amount of leverage that an average user is making use of at the moment. When the value of this indicator rises, it means investors are taking on more risk as they are increasing the leverage on their positions. During such a trend, the volatility in the price of BTC may also go up. At sufficiently high values of the ratio, the market may be considered overleveraged, and a liquidation squeeze could follow to wipe out the excess leverage. Related Reading | Market Re-Enters Extreme Fear Territory As Bitcoin Declines To $36k In a liquidation squeeze, a big swing in the price causes a cascade of futures liquidations that amplify the price move further. Now, here is a chart that shows the trend in the Bitcoin leverage ratio over the past year: Looks like the value of the indicator has been high recently | Source: CryptoQuant In the above graph, the quant has highlighted the different regions where the Bitcoin leverage ratio sharply dropped. Along with that, the direction of the price following these liquidation squeezes is also marked. Yellow indicates a long squeeze. During such an event, the price of the crypto declines along with the indicator. Similarly, green marks a short squeeze where the price moves oppositely to the ratio. Related Reading | Bitcoin On-Chain Demands Suggests That The Market Has Reached Its Bottom In the period of the chart, most of the liquidation incidents have involved longs. As you can see in the above graph, the ratio has now once again risen to quite high values. The quant thus believes that we may see another similar yellow region soon as the probability of it has been higher during such bearish market conditions as now. However, the pattern of another indicator, the Bitcoin volatility index, rather suggests that a short squeeze may be coming next. In such an outcome, the price of the coin will be bullish. BTC Price At the time of writing, Bitcoin’s price floats around $37.9k, up 4% in the last seven days. The below chart shows the trend in the price of the crypto over the past five days. BTC's price has once again surged to around $38k | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
The missiles will fill a capability gap caused by the IRIS-T not being integrated with the F-35. The Naval Air Systems Command’s (NAVAIR) Air-to-Air Missiles Program Office (PMA-259) just announced that Italy became the 28th [...]
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The price action of NEAR Protocol has formed a range in the past week, and at the time of writing, it had found some demand at the $10.5 area. Bitcoin also neared some resistance near […]
This post is authored by Giridhar G Jorapur, GE Aviation Digital Technology. Maintenance and overhauling of aircraft engines are essential for GE Aviation to increase time on wing gains and reduce shop visit costs. Engine wash analytics provide visibility into the significant time on wing gains that can be achieved through effective water wash, foam […]
An American couple has rejected a refund from the Internal Revenue Service (IRS) after the agency taxed them for staking their Tezos (XTZ). In declining the IRS’ refund, the couple hopes to force the government provide clarity on taxes relating to crypto staking. Josh and Jessica Jarrett of Nashville, Tennessee, were first offered the refund […]
Buying a historic home is owning a part of history. Find out what it takes to buy a historic home and how you can preserve its legacy for years to come.
Based on a partnership with ZTLment ApS, a local B2B software company in Denmark, the Danish Financial Supervisory Authority (DFSA) has announced that it conducted a test that examined the use of b...