Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K
Bitcoin price continues to press higher this week as demand for stablecoins and a key BTC price metric suggests bulls have a “healthy appetite.”
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Bitcoin price continues to press higher this week as demand for stablecoins and a key BTC price metric suggests bulls have a “healthy appetite.”
Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market.
ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum.
A perpetual futures contract does not have an expiration date and aims to profit from the non-delivery of the actual commodity.
Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300.
Hong Kong investors can now gain exposure to Bitcoin through Samsung's new ETF listing, launching on Jan. 13.
Ethereum whales are market makers are no longer charging excessive premiums for protective put options, a sign that ETH price could be en-route to new highs.
The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside.
Derivatives played a major role in the last bull market and it’s highly likely that they will be integral in the market’s evolution in 2023.
Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers' demand, and fearful BTC option traders.