3 reasons why Bitcoin price is clinging to $38,000
BTC is in a lengthy downtrend but three key price metrics explain why traders are confident that the $38,000 level will hold. Go to Source Powered by WPeMatico
OKX
Auto Added by WPeMatico
Bitcoin price surges, but derivatives metrics reflect pro trader’s neutral sentiment
BTC and ETH prices are in a clear bull trend, but derivatives data shows pro traders haven’t turned into bulls just yet. Go to Source Powered by WPeMatico
$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. Go to Source Powered by WPeMatico
Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows
A symmetrical triangle shows support at $38,000 but pro traders have failed to add leverage long positions, according to exchanges’ data. Go to Source Powered by WPeMatico
Manchester footballing rivalries commence in field of Web3
Following Manchester United’s partnership with blockchain firm Tezos almost one month ago, Manchester City’s foray in the space having partnered with crypto exchange OKX provides new competition in vie for technological prominence. Go to Source Powered by WPeMatico
2 key derivatives metrics signal that Bitcoin traders expect BTC to hold $40K
The entire crypto market is green today, and derivatives metrics suggest that BTC’s bullish reversal will flip $40,000 back to support. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
2 key Bitcoin price metrics suggest BTC is primed to reclaim $40,000
Data suggests $34,000 was the bottom and BTC’s recent performance could be a sign that traders are beginning to open fresh longs. Go to Source Powered by WPeMatico
