$43K BTC flipping support? Not anytime soon, according to derivative metrics
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.
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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.
BTC price struggles to sustain $40,000, but Friday's options expiry might give bulls the $160 million profit needed to keep the positive momentum.
Traders who believe ETH will recover but unlikely surpass $3,800 ahead of May can benefit from the skewed iron condor strategy.
The Biden administration’s dovish approach to crypto sector regulation and a bounce in equities markets could give bulls a boost in Friday’s $790 million options expiry.
The market gave up last week’s gains from Bitcoin’s surge to $45,000, but derivatives metrics suggest retail traders are more bullish than market makers and whales.
BTC price is retesting underlying support on March 3, but derivatives data hints that bulls may launch an assault on $45,000 as March 4’s options expiry approaches.
Pro traders often use the risk reversal options strategy to hedge their bets and profit in the case of an unexpected rally.
ETH price is storming toward a key resistance level, but pro traders are reluctant to add leverage for three important reasons.
Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand in Friday’s $860 million options expiry.