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Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

Bitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown.

Continue ReadingBitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

Is it time to be greedy? Experienced market makers and arbitrage desks have turned strongly risk-averse as BTC price dropped to $22,600.

Continue ReadingBitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions