Bitcoin price drops to $39K, but data shows leverage traders dreaming of $50K
Multiple factors are pushing BTC price below $40,000, but derivatives data shows pro traders are neutral, and holding out hope for a quick trend reversal.
Auto Added by WPeMatico
Multiple factors are pushing BTC price below $40,000, but derivatives data shows pro traders are neutral, and holding out hope for a quick trend reversal.
Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price.
BTC price is in a freefall, and data suggests bears will keep the pressure on until Friday’s options expiry.
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?