Bitcoin derivatives markets are finally seeing a long-awaited sustainable reset, increasing the prospects of a “relief bounce” to come, a new market report says.
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Bitcoin derivatives markets are finally seeing a long-awaited sustainable reset, increasing the prospects of a “relief bounce” to come, a new market report says.
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BTC is more than 50% down from its $69,000 all-time high and traders seem to have no clue about the digital asset’s next direction.
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More demand could just mean bigger correlations to traditional markets, the bank’s researchers say.
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Curious behavior sees investors selling coins for less than they purchased them for, with Bitcoin still notionally in a bullish uptrend.
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Concerns over possible U.S. regulation add to nerves as market sentiment calls for losses, not gains, to form the next moves of Bitcoin.
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“As part of our ongoing digital transformation, we recognize the importance of staying current with emerging market trends,” said Flushing Financial Corporation CEO and president John R. Buran.
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The regulatory body said any rule change in favor of approving the ETF would not be aimed at preventing “fraudulent and manipulative acts and practices” nor would it necessarily “protect investors and the public interest.”
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It’s a slow grind for long-term holders with no significant macro top or bottom in sight, the Reserve Risk metric suggests.
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Bitcoin “isn’t shouting for bullishness” below $37,500, fresh analysis says, as the Federal Reserve’s latest comments deliver little direction.
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