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Bullish BTC traders are using excessive leverage, but bears’ reluctance to fight back could extend the current Bitcoin price rally. Go to Source Powered by WPeMatico
The Fed’s interest hike matched the market consensus and weak employment data boosted investors’ appetite for risk assets, but BTC traders should still exercise caution. Go to Source Powered by WPeMatico
Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1. Go to Source Powered by WPeMatico
Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300. Go to Source Powered by WPeMatico
Leveraged long margin traders are playing with a hot potato, and with BTC struggling at $17,000, they might get burned sooner than later. Go to Source Powered by WPeMatico
In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking … Read more
The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support. Go to Source Powered by WPeMatico
Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether $15,500 was the final bottom. Go to Source Powered by WPeMatico
ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short. Go to Source Powered by WPeMatico
Derivatives data shows increased demand for margin longs contradicts traders’ perception that further downside in store for Bitcoin. Go to Source Powered by WPeMatico
