news

bitcoin

1 X bitcoin bitcoin =

Thursday

26 November 2020

Key Bitcoin price metric shows pro traders are nervous about $19K BTC

Key Bitcoin price metric shows pro traders are nervous about $19K BTC


smart summary beta

Key Bitcoin price metric shows pro traders are nervous about $19K BTC.

While these are exciting times, data does show that some professional investors feel antsy about the price at these levels and the absence of retail FOMO has some calling for a sharp pullback.

Traders have been taken aback by this unusual trend, and data confirms that there is a complete lack of conviction.

Therefore, one can assume that professional traders have been trying to guess a local top without much conviction.

It is worth noting that exchanges gather top traders' data differently, as there are multiple ways to measure clients net exposure.

Ultimately, the data signal that there is some indecision or at least a lack of strong conviction among top traders.

Goto Full Article

bitcoin bitcoin price

$16439.63

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 2020