2 key indicators cast doubt on the strength of the current crypto market recovery
BTC and altcoins flashed bullish this week, but the perpetual contracts funding rate and Tether premium reflect a lack of confidence from traders.
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BTC and altcoins flashed bullish this week, but the perpetual contracts funding rate and Tether premium reflect a lack of confidence from traders.
The bearish technical setup has a success rate of 62% of meeting its downside price targets.
Crypto traders can use historical data to maximize their profits when the market flips back to bullish.
BTC bulls want to confirm this week’s trend reversal, but analysts warn that Bitcoin price is in a “profit-taking” zone where $45,000 is expected to stand as resistance.
Inflows into the DeFi sector witnessed an uptick as the wider crypto market recovers and investor sentiment improves.
Analysts say record high inflation in the United States is impacting crypto market momentum, but is the impact of the data overstated to the detriment of investors?
Bitcoin and select altcoins are stuck in a tight range, indicating the possibility of a sharp move within the next few days.
The number of Bitcoin addresses holding at least 1,000 BTC has risen in recent weeks.
BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended.