2 key derivatives metrics signal that Bitcoin traders expect BTC to hold $40K
The entire crypto market is green today, and derivatives metrics suggest that BTC's bullish reversal will flip $40,000 back to support.
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The entire crypto market is green today, and derivatives metrics suggest that BTC's bullish reversal will flip $40,000 back to support.
Bitcoin and altcoins surprised investors with a sharp bullish breakout on Feb. 28, signaling a possible change in the short-term trend.
Crypto markets are expected to remain volatile for the foreseeable future, but BTC’s battle to reclaim $40,000 could be followed with rallies from LUNA, AVAX, ATOM and FTM.
LIDO price made a double-digit move after the liquid staking platform added support for KSM and partnered with Apricot Finance to form a lending marketplace for SOL.
ETH price dropped 30% in two weeks, and derivatives data shows pro traders are bearish even with Feb. 25’s rally back toward $2,800.
Following a lackluster week that saw non-fungible token (NFT) sales slip by 29.35% last week, the last seven days of NFT sales have dropped further losing more than 7%. Out…
Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets.
BTC is etching daily higher lows and altcoins are holding on to their recent gains, suggesting that a market bottom could be in place.
LUNA has outperformed almost every top-ranking cryptocurrency this week including Bitcoin despite the market turmoil.
The largest crypto trading platform in the U.S. has beaten analysts’ expectations by 27% in its Q4 earnings despite a broader slump in the crypto market.