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These 3 indicators flashed bullish ahead of the recent Bitcoin price pump By Cointelegraph

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© Reuters

Trading in stock markets or the crypto market is a constant quest for an underlying reason that explains price movements. However, it’s vital to remember that correlation does NOT imply causation.

Although it is easy to link a regulation statement or bill in progress to an asset’s final price, hard evidence doesn’t always prove that they were. Some of the indicators below could have occurred by pure chance, even if this coincidence is repeated throughout history.

Uniswap (UNI, left) vs. (BTC, right). TradingView
OKEx Bitcoin derivatives long-to-short ratio. Source: OKEx
Futures Binance Bitcoin open interest Source: Binance