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2 key Bitcoin trading metrics suggest BTC price has bottomed -Breaking

by Mike Robinson

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© Reuters.

(BTCSince Dec. 4th crash (which resulted in the loss of more than $840 million in leveraged short futures contracts),, it has had difficulty maintaining the $47 500 support. After the Omicron version of coronavirus emerged, and new data showing its effects, the downturn was inevitable. Inflation in the United States at its highest level for 40 years.

Bitcoin/USD Price on FTX. TradingView

Newcomers may have felt scared about the 26% correction in the price of the stock over the last month. However, avid investors like whales are not. MicroStrategy was added to the positions. MicroStrategy, which announced it had purchased 1,434 BTC on Dec. 9th, increased its stake at 122,478 BTC.

Bitfinex BTC margin Long/Total Percentage Source: Coinglass
Deribit Bitcoin options 25% delta skew. Source: Laevitas

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