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 $30,000 t...
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 $30,000 t...
