BTC price – Page 556

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Data shows pro traders are heavily accumulating the current dip in Bitcoin price while retail investors are occupied with trading altcoins.

Fresh gains come as the weekend preserves previous performance and Bitcoin heads to $59,000 on Monday.

New figures show certain revenue sectors boomed by over 50% in Q1 2021 compared to the same quarter last year.

Ethereum price is clearly in a strong bull trend, but derivatives data signals that pro traders are shifting their bullish bias back toward Bitcoin.

BTC/USD is set to end the month around 8% down, the first such losing streak since 2015 despite an even more impressive Q1 performance.

Bitcoin options traders hoped for a $60,000 monthly close, but the balance between calls and puts signal the expiry will be a non-event.