Bitcoin price continues to drop, but how are pro BTC traders positioned?
Data shows top traders futures’ Bitcoin long-to-short at the lowest level in 30 days, but what does this mean for BTC's short-term price action.
Auto Added by WPeMatico
Data shows top traders futures’ Bitcoin long-to-short at the lowest level in 30 days, but what does this mean for BTC's short-term price action.
BTC’s price recovered quickly from this week’s swing low, but derivatives data hints that a challenging road lies ahead.
Traders are still tiptoeing around markets as multiple risk events remain at the forefront, but BTC margin and futures markets are starting to favor a bullish breakout.
BTC margin markets and futures’ long-to-short indicator show professional traders unwilling to bet on Bitcoin's price dropping.
The ETH futures premium turned bearish and the network's TVL dropped 22% from its peak, but how is this impacting pro traders’ sentiment?
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.
ETH price has shown a strong recovery since bottoming at $2,500, but derivatives data suggests pro traders are moving with caution.
Short sellers got liquidated to the tune of $150 million, but two metrics show pro traders did not flip bullish after the recent Bitcoin rally.
Despite only one coin among the top-80 declining over the past week, Tether and futures premiums show a lack of excitement in the market.
ETH price is stuck in a rut and these three metrics suggest the downtrend is nowhere near an end.