Bitcoin margin and futures show unwillingness to short BTC near $28,000.
Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength.
Regarding the banking crisis, Georgieva advised central banks to keep raising interest rates, adding,"concerns remain about vulnerabilities that may be hidden, not just at banks but also non-banks — now is not the time for complacency."concerns about the impact of financial stress on the economy.
The top traders' long-to-short net ratio excludes externalities that might have solely impacted the margin markets. Analysts can better understand whether professional traders are leaning bullish or bearish by aggregating the positions on the spot, perpetual and quarterly futures contracts.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microstrategy's Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins – Bitcoin News“Microstrategy has acquired an additional 1,045 bitcoin for $29.3 million at an average price of $28,016 per bitcoin,” Saylor said on Wednesday.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Consolidation, Ahead of Nonfarm Payrolls – Bitcoin NewsBitcoin consolidated for a third consecutive session on Friday, hours before a much anticipated nonfarm payrolls (NFP) release.
Read more »
Bitcoin barely holds $28K as bulls see new rejection at key resistanceBitcoin fails to tackle $30,000 liquidity as BTC price returns to 'compressed' range.
Read more »
Bitcoin Might Go up to $31K or Drop Further to $25K, Analyst Paints BTC Price OutcomesBitcoin might go up to $31,000 in bullish target or drop further to $25,000 in bearish scenario
Read more »
Bitcoin ‘faces headwinds’ as US money supply drops most since 1950sBitcoin rallies? Not so fast! US money supply hits the brakes, giving Bitcoin a bumpy ride.
Read more »
$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs dataBitcoin will soon face decision time, with traders eyeing $25,000 and $30,000 BTC targets.
Read more »