Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress.
Auto Added by WPeMatico
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress.
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.
Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.
On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator.
Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens.
$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level.
Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance.
Traders were hit hard as $3.5 billion in liquidations took place as Bitcoin price crashed below $43,000.
The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of…
$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry.