Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone
Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.
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Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.
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BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market.
BTC price looks to break out of its downtrend, yet pro traders are still unwilling to add leveraged positions.
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.
ETH bulls are aiming to flip $2,000 back to support, but these two metrics point toward further downside.
The BTC futures premium flashed a slightly positive reading, but options markets show extreme fear from whales and market markers.
BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears.