“This is just on-chain sentiment, though. The big question is, how does that correlate to the price action in general?”
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Bears scattered as Bitcoin hit $40K, but pro traders remain cautious
Bitcoin’s rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells.
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Bitcoin traders watch $32K ahead of Friday’s $330M BTC options expiry
Bulls managed to find some momentum, but holding the $32,000 support level will determine who is the victor of Friday’s $330 million BTC options expiry.
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Bitcoin price hits $32K but derivatives metrics still show signs of weakness
Bitcoin price rallied 8.5% to recover the $32,000 level, but derivatives data shows pro traders still feel apprehensive.
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Here’s one way to trade Bitcoin even as BTC price teeters over an abyss
Bears have pushed Bitcoin price to the lowest rungs of its current range, but savvy traders can still generate a nice profit via the Iron
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Crypto options are turning mainstream
The BTC and ETH options market is still in its infancy, but both retail and institutional demand for cryptocurrencies is already here.
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