Share this article
Crypto Traders Might Want to Track Ether 'Slippage' Indicator. Here's Why
Hyblock's slippage indicator has consistently marked short-term trend changes in the second-largest cryptocurrency this year.
Updated Aug 3, 2023, 7:47 a.m. Published Aug 3, 2023, 7:47 a.m.
- Slippage – the difference between the price a trader expects to pay and the price they actually pay – can be used to identify changes in market trends.
- Data tracked by Hyblock Capital shows spikes in slippage in the ether market frequently mark price peaks and troughs.
Traders use several technical and fundamental indicators to navigate the speedy and risky crypto market.
They can consider adding one more to the list: A gauge of "slippage" in the ether market. The indicator has consistently identified trend changes in the price of the second-largest cryptocurrency this year.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Slippage is the difference between the price at which a trading order is executed and the price at which it was requested. It occurs in fast-moving, highly volatile market conditions or when liquidity is low.
In both cases, the price moves faster than the time it takes for the order to fill either because of the volatility or the lack of supply, and can work in favor of or against traders. For instance, if a purchase order is executed at a price higher than the quoted price, it's the case of high (or unfavorable) slippage.
A spike in slippage in the ether market has historically presaged trend changes, data provided by Crypto research firm Hyblock Capital show.
The chart shows ether's USDT-denominated price and aggregated maximum slippage – the highest daily slippage on a single market order. The aggregated max slippage includes data from crypto exchanges Binance, BitMEX, Bybit, Bitfinex, Deribit, Huobi, OKX, Phemex, and quarterly futures listed on Huobi and OKX.
Ether's late 2021 bull market peak and the December 2022 bear market bottom coincided with a sudden and notable increase in slippage. Similar spikes in slippage have marked interim tops and bottoms this year.
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
Что нужно знать:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
