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

by Mike Robinson

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© Reuters.

(BTCThe $47,500 support has not been sustained since Dec. 4, when the crash that decimated over $840 million of leveraged long futures contracts, (()))). Recent data and the Omicron Coronavirus variant revealed that the downside movement was a result of this. U.S. Inflation at a 40 year high.

Bitcoin/USD Price at FTX TradingView

Newcomers may have felt scared about the 26% correction in the price of the stock over the last month. However, avid investors and whales like this. MicroStrategy was added to the positions. MicroStrategy, which announced they had purchased 1,434 Bitcoin on December 9, increased their stake at 122,478 BTC.

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

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