Data shows pro traders increased leveraged long positions even as the Bitcoin price traded in a tight range this week.
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Category: BTC Futures
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Bullish uptrend intact as Bitcoin futures open interest hits $22.5B
Bitcoin may be en route to retest underlying support levels but the record $22.5 billion open interest on BTC futures shows bulls expect the uptrend to continue.
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Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen
Large corporations are buying Bitcoin at an accelerating pace, but pro traders are reluctant to open BTC longs while the dollar index strengthens.
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Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
Data shows pro traders opened new leveraged long positions even as Bitcoin price dropped to $45,000 and $5.9 billion in futures contracts were liquidated.
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3 Bitcoin price metrics show bulls were not fazed by today’s $1.6B liquidation
Today’s $1.6 billion Bitcoin liquidation event might have flushed out some over-leveraged retail investors, but the overall market is still positioned in favor of bulls.
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CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market
Financial derivatives products for bitcoin have grown massively during the last few months. On Friday evening (EST), Arcane Research explained that the Chicago Mercantile Exchange has surpassed Okex as the largest bitcoin futures provider. The regulated derivatives market at CME has doubled month after month as incoming interest has created more demand for CME’s bitcoin […]
The post CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market appeared first on Bitcoin News.
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It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K
3 key indicators signalled that Bitcoin’s rally to the $11K level was a dud.
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Sub-$10K Bitcoin price caused $653M open interest drop, largest since March
Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses.
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Pro Traders Unfazed by Bitcoin Price Stalling at $12,400, Data Shows
Derivatives data and other key metrics show pro traders remain strongly bullish on Bitcoin despite the recent rejection at $12.4K.
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Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes
Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures open interest. Data shows that cryptocurrency futures and […]
The post Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes appeared first on Bitcoin News.
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