Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism. This situation either means that price is not what they are looking to mark the end of the current bear market, or that most traders are still underwater at $40,000.One of the best measures of optimism is … [Read more...] about Backwardation in Bitcoin futures contracts shows pro investors lack confidence
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Bitcoin, altcoins and stocks drop as inflation fears impact investor confidence
The cryptocurrency market corrected sharply on May 12 after the hype surrounding dog-themed tokens was deflated when Ethereum co-founder Vitalik Buterin dumped vast amounts of the previously hot Shiba Inu (SHIB), Dogelon Mars (ELON) and Akita Inu (AKITA) on the market and donated the proceeds to charity. Data from Cointelegraph Markets and TradingView shows that as meme tokens … [Read more...] about Bitcoin, altcoins and stocks drop as inflation fears impact investor confidence
Bitcoin Traders Yet to Show Confidence in BTC’s Recent Drive to $58k
Bitcoin closed the month of April at a value of $57,630Bitcoin would push higher to a local peak of $58,458 – Binance rateBTC traders are not too convinced that the push to $58k is a bullish oneInstitutional investors are still accumulating BitcoinBTC analyst, MagicPoopCannon, still believes Bitcoin could hit $80k – $90kYesterday’s monthly close was a relief for Bitcoin as the … [Read more...] about Bitcoin Traders Yet to Show Confidence in BTC’s Recent Drive to $58k