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2 key derivatives metrics signal that Bitcoin traders expect BTC to hold $40K -Breaking

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If (BTCIf a trader fails to overcome important resistance levels (e.g., if ), traders can gain confidence and increase their altcoin position. This logic is that these movements provide good rewards to traders shifting towards greater risk, provided BTC does not drop significantly.

Bitcoin/USD @ FTX Source: TradingView

The cryptocurrency market’s aggregate market capitalization has seen a slight increase of 3% to $1.78 trillion in the last seven days. The performance of Bitcoin and Ether is approximately the same as this number (approximatively).ETH BNB.

Weekly winners and losers from the top 80 coins Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
AccumulatedRate of funding for perpetual futures on February 28. Source: Coinglass