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Derivatives data show a clear path to $29,000, but inflation and unemployment data will continue to be crucial to determining BTC price rallies. Go to Source Powered by WPeMatico
High correlation to stock markets and recession risks limit optimism on the part of BTC investors. Go to Source Powered by WPeMatico
Backwardation reflects a market condition wherein spot prices trade higher than future prices. Go to Source Powered by WPeMatico
ETH price hit resistance at the $1,600 level, but this is not stopping options traders from opening fresh leveraged longs. Go to Source Powered by WPeMatico
Data shows investors jumping back into fiat and a lack of bullish leverage in the crypto market suggests another correction is in the making. Go to Source Powered by WPeMatico
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000. Go to Source Powered by WPeMatico
Bitcoin’s failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week’s options expiry. Go to Source Powered by WPeMatico
The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price. Go to Source Powered by WPeMatico
Traders are not as fearful as they were in June, but several metrics show the market is still standing on paper-thin support levels. Go to Source Powered by WPeMatico
BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism. Go to Source Powered by WPeMatico
