Stock Groups

Wen moon? Data shows pro traders becoming more bullish on Bitcoin price -Breaking

[ad_1]

© Reuters.

4.700 USDBTCThe Nov. 29 price rise was likely to have been a relief to holders. However, it is premature to declare the bottom according to derivative metrics.

The Bitcoin price has fallen 15% from its Nov. 10, 2016 record of $69,000, which should be no surprise. The cryptocurrency reached the $53,500 level just 15 days after a sudden 22% correction.

Base rate of Bitcoin 3-month Futures. Source: Laevitas.ch
OKEx USDT/BTC margin lending ratio. Source: OKEx