Bitcoin price drops to $43.5K, but data and BTC’s market structure project strength
BTC price took a sharp tumble below a key support level, but data shows today’s dip could be another buying opportunity for bulls.
Auto Added by WPeMatico
BTC price took a sharp tumble below a key support level, but data shows today’s dip could be another buying opportunity for bulls.
Analysts are mostly bullish on BTC’s short term price action, even if a retest of the $45,000 level must happen first.
ETH price has shown a strong recovery since bottoming at $2,500, but derivatives data suggests pro traders are moving with caution.
BTC and ETH prices are in a clear bull trend, but derivatives data shows pro traders haven’t turned into bulls just yet.
Holding $42,000 will help determine whether BTC bulls bag a $175 million profit in March 25’s $3.34 billion options expiry.
Proof-of-work mining escaped severe regulatory pressure, but crypto derivatives and CNY Tether premium show investors' lack of excitement.
Rising inflation forces investors to look for defensive assets. What can the cryptocurrency market offer them?
BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.
The Biden administration’s dovish approach to crypto sector regulation and a bounce in equities markets could give bulls a boost in Friday’s $790 million options expiry.
Headquartered in Switzerland, FTX Europe will offer FTX products in Europe, including crypto derivatives services.