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
Bookmarking Crypto Insights
Auto Added by WPeMatico
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
ETH price dropped 30% in two weeks, and derivatives data shows pro traders are bearish even with Feb. 25’s rally back toward $2,800. Go to Source Powered by WPeMatico
Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets. Go to Source Powered by WPeMatico
ETH price just broke from a long-term descending channel, but on-chain data still points to a few bearish catalysts. Go to Source Powered by WPeMatico
Money is trickling back into the crypto market and derivatives data suggests that investor confidence is improving as the market forms a bottom. Go to Source Powered by WPeMatico
A key risk indicator for BTC options hit its highest level in 6 months, possibly signaling that $32,930 was the bottom. Go to Source Powered by WPeMatico
ETH price has been in a downtrend for 3 months, and derivatives data shows pro traders are almost ready to throw in the towel. Go to Source Powered by WPeMatico
BTC derivatives metrics currently mirror late-September readings which preceded a strong 62% move in Bitcoin price. Go to Source Powered by WPeMatico
Data shows traders still feel confident about BTC price because the futures premium and other fundamentals show no signs of stress. Go to Source Powered by WPeMatico
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over. Go to Source Powered by WPeMatico