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Data/IndicatorDefinitionImplied
LiquidationWhen investor close their position voluntarily or by forced liquidation which comes with bankruptcy procedure

Any form of liquidation could affect the price and call in for another action of forced liquidation

Ex. Short/Long Squeeze

Taker Buy Sell Volume/Ratio​Defined as the ratio of Taker Buy Volume divided by the Taker Sell Volume

  • Over values of ‘1’

    Dominant Bullish sentiment

  • Under values of ‘1’

    Dominant Bearish sentiment

Open InterestThe number of open positions (including both long and short positions) currently on a derivative exchange’s BTC/USD trading pairs.

  • Increasing

    -Adding liquidity, volatility, and attention -Supporting ongoing price trend

  • Decreasing

    Exiting liquidity, volatility, and attention

Funding RatesPeriodic payments to long or short traders based on the difference between the perpetual contract market and the spot price

  • Rates over ‘0’

    Dominant Long Sentiment

  • Rates under ‘0’

    Dominant Short Sentiment

  • Increasing

    Longs gaining dominance

  • Decreasing trend

    Shorts gaining dominance

Estimated Leverage RatioDefined as the ratio of open interest divided by the reserve of an exchange

  • High

    -Over Leveraged Market

    -Possible Volatility

  • Low

    Low Leveraged Market

  • Increasing

    Holding More Leverage

  • Decreasing trend

    Taking off Leverage

Fund Flow RatioThe total BTC amount flowing into or out of exchange divided by the total BTC amount transferred on the whole Bitcoin network

  • Increasing

    -Possible Volatility

    -Active Exchanges’ Activity

  • Decreasing

    Possible OTC