The bottom isn’t in yet! noshitcoins says derivatives data show Bitcoin futures in backwardation for the first time in a year, while other analysts warn that a bevy of bearish threats could push BTC price lower.
) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls' current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story as professional traders are still extremely skeptical.
Furthermore, according to analysts at global investment bank JPMorgan Chase, the record-high total stablecoin market share within crypto is “pointing to oversold conditions andfrom here.” According to the analysts, the lower percentage of stablecoins in the total crypto market capitalization is associated with a limited crypto potential.
These fixed-month contracts usually trade at a slight premium to spot markets because investors demand more money to withhold the settlement. This situation is not exclusive to crypto markets. Consequently, futures should trade at a 5%-to-12% annualized premium in healthy markets.Bitcoin's futures premium failed to break above the 5% neutral threshold, while the Bitcoin price firmly held the $29,000 support until June 11.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Cryptos Rebound – Market Updates Bitcoin NewsFollowing a turbulent weekend trading below $20,000, bitcoin rallied by over 10% on Monday to recapture this level.
Weiterlesen »
BTC/USD Forex Signal: BTC Crash Sees No End as it FallsThe BTC/USD pair crash continued during the weekend as sentiment in the cryptocurrency industry waned.
Weiterlesen »
Bitcoin whale support lines up as trader says $14K 'most bearish' BTC price targetBTC price falls as U.S. dollar strength rises with Bitcoin whale buys now in focus as support.
Weiterlesen »
Bitcoin Dominance Down 5% Weekly as BTC Dropped to New 18-Month Low (Market Watch)Bitcoin's dominance over the altcoins has declined by almost 5% in less than a week as the asset fell below $18,000 earlier today.
Weiterlesen »
Bitcoin heads for dismal weekly close as BTC price rejects at $20KCapitulation vibes? Bitcoin realized losses are beating records as BTC nears $17,500.
Weiterlesen »
$100K BTC Predictions, Peter Schiff on Recession and Bitcoin, Bill Gates Slams NFTs — Bitcoin.com News Week in Review – The Weekly Bitcoin NewsIt's been a week of polarizing opinion in crypto news, with predictions of $100K Bitcoin, Peter Schiff talking about recession, and Bill Gates slamming NFTs. cryptocurrency
Weiterlesen »