Crypto regulation is coming, but Bitcoin traders are still buying the dip
The premium on CME Bitcoin futures dropped to zero, but data shows pro traders are still bullish.
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Data shows pro traders are currently more bullish on Ethereum than Bitcoin
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside.
Key data points suggest the crypto market’s short-term correction is over
Bitcoin price is still pinned below $60,000, but the recovery in ETH and altcoins suggests that the current correction could be coming to an end.
Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges
Bears took control of BTC price after options markets flashed bearish signals, but should traders be worried?
Bitcoin price stages a comeback as 3 indicators reflect BTC’s strength
The futures premium, top traders’ long-to-short ratio and options skew all signal that pro traders still feel positive about Bitcoin price.
Pro traders are mildly skeptical about Bitcoin’s recent return to $50K
Bitcoin's price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons.