Bitcoin’s six-month put-call skew, which measures the cost of puts – or bearish bets – relative to calls (bullish bets), has turned positive for the first time since the crash in May, indicating heightened concerns of an extended downside move. Source link … [Read more...] about Bitcoin’s 6-Month ‘Put-Call Skew’ Flips Bearish for First Time Since May
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Bitcoin exchange supply hits a 6-month low as accumulation continues
The amount of Bitcoin (BTC) held on exchanges has been declining steadily since mid-May, offering reassurance that the worst of the market selloff has passed. At current levels, Bitcoin’s exchange supply is at its lowest level since early January, according to crypto analytics firm Santiment. “The 6-month low is a promising sign, as it generally will indicate that there is a … [Read more...] about Bitcoin exchange supply hits a 6-month low as accumulation continues
When ‘alt season?’ Now, says analyst as Bitcoin dominance hits 6-month low
Bitcoin (BTC) now accounts for less than 60% of the total cryptocurrency market capitalization, heralding the arrival of "alt season 2.0."In a tweet on March 29, analyst Filbfilb, co-founder of trading suite Decentrader, announced that conditions were finally right for a fresh altcoin surge as their total market capitalization is hitting new highs of nearly $750 billion.Altcoin … [Read more...] about When ‘alt season?’ Now, says analyst as Bitcoin dominance hits 6-month low