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HomeImmutableX2 key Bitcoin trading metrics suggest BTC price has bottomed By Cointelegraph

2 key Bitcoin trading metrics suggest BTC price has bottomed By Cointelegraph

© Reuters.

((((BTC) Has been struggling to maintain $ 47,500 support since the crash on December 4th. The move has wiped out more than $ 840 million in leveraged long futures contracts.The negative move came after the emergence of omicron variants of the coronavirus and recent data showing. Inflation rate in the U.S. reached its highest level in 40 years..

FTX Bitcoin / USD price. Source: TradingView

Newcomers may have been scared of the 26% price cut last month, but whales and enthusiastic investors MicroStrategy has been added to their position.. On December 9th, MicroStrategy announced that it had acquired 1,434 BTC. This increased the stock to 122,478 BTC.

Bitfinex BTC Margin Long / Total Percentage.Source: Coin glass
Derivative Bitcoin Option 25% Delta Skew. Source: Laevitas

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Disclaimer: Fusion media We inform you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are provided by the market maker, not the exchange, so prices may not be accurate and may differ from actual market prices. In other words, price is an indicator and is not suitable for trading purposes. Therefore, Fusion Media is not responsible for any transactional losses that may occur as a result of using this data.

Fusion media Alternatively, anyone involved with Fusion Media will not be liable for any loss or damage resulting from reliance on the data, quotes, charts, trading signals and other information contained on this website. Be fully informed about the risks and costs associated with financial market transactions. This is one of the most risky forms of investment possible.

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