2021-3-9 01:00 |
Large corporations are buying Bitcoin at an accelerating pace, but pro traders are reluctant to open BTC longs while the dollar index strengthens. origin »
Bitcoin price in Telegram @btc_price_every_hour
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BTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulatory shifts.
Analysts frequently correlate a high perpetual futures funding rate with market crashes, but is this the best way to analyze the metric?
Bitcoin may be en route to retest underlying support levels but the record $22.5 billion open interest on BTC futures shows bulls expect the uptrend to continue.
Today’s $1.6 billion Bitcoin liquidation event might have flushed out some over-leveraged retail investors, but the overall market is still positioned in favor of bulls.
Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses.
$1.2 billion in Bitcoin futures and options expired today, what does this mean for BTC price?