Key Bitcoin price metric shows pro traders are nervous about $19K BTC
Bitcoin price is chasing after $19,000 but crypto exchanges’ long-to-short ratio shows top traders exercising caution at these levels. This week Bitcoin (BTC) price rallied to a new 3 year high at $18,965, leading investors to believe a new all-time high above $20,000 is on the cards. While these are exciting times, data does show that some professional investors feel antsy about the price at these levels and the absence of retail FOMO has some calling for a sharp pullback. Data shows Bitcoin hasn't seen a drop larger than 5% since Sept. 4 and over the past 77 days the digital asset has....
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As Bitcoin rallies past $57k, Quant explains using on-chain analysis why the cryptocurrency may see a pullback here. Bitcoin Funding Rate And Futures Open Interest Show Rising Values As explained by an analyst in a CryptoQuant post, some BTC indicators are showing values that have historically signaled that a correction could be coming soon. The first metric of relevance is the Bitcoin funding rate, which is defined as the periodic payment that futures contract traders have to pay. Positive values imply most traders are bullish and long traders are paying this fee to short traders. While....
Bitcoin Price continues a slow jagged ascent as resistance above price prevents deliberate advance. Duality in the market does not help, and the Bulls and Bears are at loggerheads. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 13h54 UTC. Bitfinex 1-Hour Chart. From xt.social analysis, earlier today: The theme of this wave up is "uncertainty". Watching the trade feeds from various exchanges shows nervous selling every few minutes. It is uncertain where these traders have bought in from because we have made....