Key Bitcoin price metrics show the recent 12% drop to $30,800 has not stopped traders from buying dips ahead of this Friday’s $4.9 billion BTC futures expiry.
Category: market analysis
Key metrics show this week’s $4B Bitcoin options expiry favors bulls
A record $4 billion worth of Bitcoin options expire on January 29 and multiple indicators suggest bulls have the upper hand.
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Pro traders buy the dip as bears push Bitcoin price to the edge of $30K
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Bitcoin open interest hits $8.8B as 45% of BTC options expire in 2 weeks
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Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins
Analysts say Bitcoin and Ether’s growing dominance of the crypto market are signals that the current bull market is drastically different than the last one.
Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum
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$13B Bitcoin futures open interest reflects traders’ strong bullish optimism
Bitcoin price quickly rallied back to $40,000 but key derivatives indicators show traders are happily flirting with overbought levels.