Bitcoin price broke to the upside, but where are all the leveraged long traders?
BTC price looks to break out of its downtrend, yet pro traders are still unwilling to add leveraged positions. This week's Bitcoin (BTC) chart leaves little doubt that the symmetrical triangle pattern is breaking to the upside after constricting the price for nearly 20 days. However, derivatives metrics tell a completely different story because professional traders are unwilling to add leveraged positions and are overcharging for downside protection.BTC-USD 12-hour price at Kraken. Source: TradingViewWill BTC reverse course even as macroeconomic conditions crumble?Whether BTC turns the....
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Derivatives data shows Bitcoin whales added to their leveraged positions after BTC price topped out at $42,600. Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA's largest oil exporter, denied claiming to start mining Bitcoin.Top traders at exchanges seized the opportunity to add leverage-long positions, a clear bullishness indicator. Furthermore, margin traders have been increasing their stablecoin borrowing, indicating that whales and professional traders....
One Of The Many Case Uses Of Solana’s Alfprotocol Alfprotocol is created to cater to traders with different appetites for risk aversion. In essence, it provides leveraged and non-leveraged products that would suit both new and experienced traders in a decentralized ecosystem that is powered by Solana, a robust blockchain suitable to handle the core […]
Traders in Europe are threatening legal action against eToro for allegedly closing their leveraged crypto positions without enough notice.
Bitcoin and altcoins both saw a strong bounce off their intraday lows, which signals that traders still view dips as buying opportunities. Every uptrend witnesses periodic bouts of profit-booking as short-term traders tend to unwind positions either on adverse news or at critical technical resistance levels. This occurred with Bitcoin (BTC) today as the price momentarily dropped below $48,000 and traders scrambled to close or top up positions before being liquidated.Elon Musk’s tweet on Feb. 20 that said Bitcoin prices “seem high” and the U.S. Treasury Secretary Janet Yellen’s warning....
Bitcoin price faked out to the top and bottom of the symmetrical triangle formation as traders are positioning for major events. Bitcoin Price Key Highlights. Bitcoin price seems to be back inside its triangle consolidation pattern after a burst of volatility recently. Price broke to the upside of the triangle then snapped right back down to the bottom and is now moving sideways again. Traders could be bracing for bigger market catalysts ahead before pushing BTCUSD in a particular direction. Technical Indicators Signals. The 100 SMA crossed above the longer-term 200 SMA on this time frame....