Although on May 11 Bitcoin prices tested $82,000, derivatives market data indicates trader caution. The annual funding rate for perpetual futures on the first cryptocurrency spiked to 6% at the moment, marking the first time in over a month that the indicator has moved out of negative territory.
Additional pressure is being exerted by outflows from spot Bitcoin ETFs in the US. Institutional interest weakened precisely when the coin failed to break above $82,000 several times.
#CryptoNews
Additional pressure is being exerted by outflows from spot Bitcoin ETFs in the US. Institutional interest weakened precisely when the coin failed to break above $82,000 several times.
#CryptoNews
Forwarded from THE VIP - CLUB
The price of BTC has reached the lower liquidity zone. ↗️
Profit on the short position: $29,800. 🔥
Profit on the short position: $29,800. 🔥