news

bitcoin

1 X bitcoin bitcoin =

Monday

10 May 2021

Key Bitcoin price metric flashes its first bullish signal in 4 months

Key Bitcoin price metric flashes its first bullish signal in 4 months


smart summary beta

Ether longs vastly dominated throughout 2021, peaking at 130% larger than shorts, while Bitcoin traders have been usually more modest.

One should not interpret the stance of OKEx traders' positioning in Ether as bearish, considering that the long-to-short ratio is relatively flat.

Traders should not dismiss Friday's BTC and Ether options expiry.

Currently, bulls dominate Ether's more modest $930 million options expiry, and the $115 million difference in call options open interest seems guaranteed even if Ether's price drops to $2,600.

Goto Full Article

bitcoin bitcoin price

$59005.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2021