Useless #641

open_in_new

By chikodeployer.eth

Data used

X coordinate : Futures taker buy/sell ratio

· The market is composed of makers and takers. Trader sentiment can be measured based on whether the demand side, takers, are focused on buying or selling.
· perpetual data

Y coordinate : Next interval return

· The ultimate goal of trading. The final objective of research and modeling is to forecast future returns and make profits.
· spot data

Color mapping : 1 day highest price/lowest price ratio

· The ratio of the highest price and lowest price at a given time period. An indicator reflecting how volatile the market is.
· spot data

Line slope : Open interest

· The amount of perpetual futures positions opened on the market at a certain point in time. Increases or decreases in open interest could indicate whether the sentiment(or trend) of market participants is starting or ending.
· perpetual data

Line length : Funding rate

· The rate of fees that traders of one side pay to their counterpart. It is used to control the price difference between spot and futures, since perpetual futures have no expiration. It is a feature unique to crypto perpetuals, and is an indicator of how much premium exists on the futures market.
· perpetual data

I plot data.

Useless is a generative art collection created using bitcoin market data by a quantitative researcher and an artist, Chiko. To the artist, data are essentially traces of human actions, thoughts, and emotions preserved in the form of 0s and 1s. The collection seeks to capture intense emotions and experiences of participating in the market. From it, the artist invites viewers to have a moment of self-reflection on their investment experiences and the emotions they felt during those times.

[For more Info.]

Twitter(X.com) https://twitter.com/lazy_chiko
Webpage https://chiko.art
Catalouge(47page) https://www.chiko.art/catalogue2309.pdf

Category Art

Contract Address0xff29...576d

Token ID662

Token StandardERC-721

ChainEthereum

Last Updated8 months ago

Creator Earnings

7.5%

visibility

3 views

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open_in_new

visibility

3 views

Price
USD Price
Quantity
Expiration
From

Price
USD Price
Quantity
Floor Difference
Expiration
From

By chikodeployer.eth

Data used

X coordinate : Futures taker buy/sell ratio

· The market is composed of makers and takers. Trader sentiment can be measured based on whether the demand side, takers, are focused on buying or selling.
· perpetual data

Y coordinate : Next interval return

· The ultimate goal of trading. The final objective of research and modeling is to forecast future returns and make profits.
· spot data

Color mapping : 1 day highest price/lowest price ratio

· The ratio of the highest price and lowest price at a given time period. An indicator reflecting how volatile the market is.
· spot data

Line slope : Open interest

· The amount of perpetual futures positions opened on the market at a certain point in time. Increases or decreases in open interest could indicate whether the sentiment(or trend) of market participants is starting or ending.
· perpetual data

Line length : Funding rate

· The rate of fees that traders of one side pay to their counterpart. It is used to control the price difference between spot and futures, since perpetual futures have no expiration. It is a feature unique to crypto perpetuals, and is an indicator of how much premium exists on the futures market.
· perpetual data