Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over.
Source: cointelegraph.com
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Bitcoin price descending channel and loss of momentum could turn $60K to resistance
After a slight hiccup in BTC futures premium, traders seem comfortable despite the $58,000 support retest and the risk of $60,000 turning to resistance.
Source: cointelegraph.com
Key Bitcoin options 'fear' indicator reflects traders' regulatory concerns
On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator.
Source: cointelegraph.com