Bitcoin’s newly found bullish momentum has traders targeting $12,000 and above.
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Bitcoin’s newly found bullish momentum has traders targeting $12,000 and above.
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The futures contracts premium and the long-to-short ratio show that top traders feel bullish about Bitcoin price.
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On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze.
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Analysts expect Bitcoin price to retest $11,000 after favorable macro factors improve BTC’s technical setup.
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Analysts believe Bitcoin’s on-chain fundamentals point to a 2017-style bull run
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Bitcoin price rallied close to $11,000 after Square announced a $50 million BTC purchase.
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Bitcoin derivatives data show pro traders increased their short positions in the past three weeks.
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DeFi-tokens corrected heavily over the past 30-days but on-chain data suggest Ether is in the early stages of a bullish reversal.
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BitMEX is maintaining respectable liquidity and open interest but the exchange could still face a total client exodus.
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Traders expect a slow Q4 for Bitcoin and altcoins, especially as BTC’s dominance rate begins to climb higher.
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