Was Bitcoin’s failure to break the $44,500 resistance a presage of a long crypto winter? noshitcoins shows why retail BTC traders are feeling more bullish than professional investors.
Weekly winners and losers among the top-80 coins. Source: Nomics
. The transition is scheduled to start in the spring and the new consensus mechanism will provide a"smoother transition to Waves 2.0." Exchanges use this fee to avoid exchange risk imbalances. A positive funding rate indicates that longs demand more leverage. However, the opposite situation occurs when shorts require additional leverage, causing the funding rate to turn negative.Notice how the accumulated seven-day funding rate flipped positive in all of the top four coins. This data indicates slightly higher demand from longs but is not yet significant. For example, Bitcoin's positive 0.10% weekly rate equals 0.
If professional traders fear a Bitcoin price crash, the skew indicator will move above 10%. On the other hand, generalized excitement reflects a negative 10% skew.As displayed above, the skew indicator held 10% until March 4, but slightly reduced to 7% or 8% during the week. Despite this, the indicator shows that pro traders are pricing higher odds for a market crash.