Understand the rise of cryptocurrency: Okx, whale and open interest
In the world of cryptocurrency, several terms are as creepy as “whales” or “open interest”. For those who are not familiar with these concepts, you will find a comprehensive guide here to understand what they mean:
What is the exchange of cryptocurrency OKEX (OKEX)?
Okex (former OSL Global) is a popular cryptocurrency exchange that makes it easier to buy, sell and act different cryptocurrencies. He founded Changpeng Zhao in 2011, the stock exchange grew into one of the largest and latest trading platforms for digital currency.
What does okx do?
As a cryptocurrency exchange, OKEX users offers a safe and reliable platform for purchase, sale and storage of cryptocurrency such as Bitcoin (BTC), Ethereum (ETH), Bony Coin (BNB) and many others. Exchange also offers various tools and functions, such as B.:
- Shopping pair: Okex supports trade with over 2,000 cripto currency.
- Market depth: Exchange offers real time prices and market data with which users can make well -founded decisions.
- Liquidity pools: Okex has a strong liquidity system to ensure that the prices are stable and users are available.
- Derivate Support: Okex offers options, future and other derivative products.
Who is “Okx Kita”?
“Okx Kita” refers to an important investor or dealer who holds a large amount of cryptocurrency on the platform. These whales can influence the market trends by buying or selling enormous assets, creating liquidity or disorders of the price movement.
The term “daycare” shaped Tom Lee, founder of Fondstrat Global Advisors, after he discovered 1 million US dollar of an anonymous investor (later that the OKEX user) disrupted Ethereum’s price (Ethereum). This incident emphasized the potential that major investors influence market prices and promote increased control over the exchange of cryptocurrencies.
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Open Interest is a statistical measure that represents the total number of outstanding contracts or instruments from derivatives in a specific market, including future options, options and other derivative products. Offers insight into the size and liquidity of the market.
If the open interest is high, it usually shows a healthy market with suitable trading activities. In contrast, a little open interest can signal problems on the market because fewer dealers take part in the market.
Why is open interest?
Open interest is the key to understanding the dynamics of the cryptocurrency market:
* Market depth: great interest helps to maintain stability and liquidity on the market.
* Ensure liquidity: Open interest rates provides a measure for the amount of the assets available for trade, which affects market prices.
* Commercial scope: Large open interest rates can increase the amount of trade, the increase in market participation and the activities.
Why are whales important?
Whales play a key role in the design of the cryptocurrency market according to:
* Setting up market trends: Large dealers can influence the price movements by buying or selling large amounts to assets.
* Flucinity Creation: Whales help to get the depth and stability on the market by making whales provided by liquidity platform.
* Effects on the attention of official attention: waling procedures can promote the regulatory interest, since government agencies can examine their activities.
Diploma:
Okex, whale activity and open interest are key components of the cryptocurrency landscape. Since the ecosystem of the digital currency further develops, the understanding of these concepts will help investors, dealers and participants on the market to move in the complex world of the cryptocurrency markets.