Is Bitcoin 'cheap' below $40,000? BTC derivative metrics are mixed
Bitcoin (BTC) dipped below $40,000 support on April 18, and the two-week 15% correction was enough to prompt predictions of $30,000 prices in the near term. Meanwhile, regulatory uncertainties continue to be a key concern for investors, including the failed European Know Your Customer (KYC) and Anti-Money Laundering (AML) proposed rules for ”unhosted” private wallets. For instance, […]
Bitcoin's epic $7.5B long squeeze just made BTC price more bullish — Here's why
May 19’s price crash in the Bitcoin (BTC) spot market wiped about $7.56 billion worth of long-leveraged positions from cryptocurrency derivatives markets. Leveraged bullish investors winded up around $7.5 billion in longs on May 19. Source: Bybt The event marked the biggest bullish leverage wipeout since March 2020. Retail and institutional investors borrowed from leading […]