Today news
About the same in other media
‘Monster bull move’ means whales could secure the next Bitcoin price surge
Reading now: 250
Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative.
New findings from on-chain analytics firm CryptoQuant show derivatives investors leading the way when it comes to bullish bets on Bitcoin.
The second half of November produced a marked uptick in the buy/sell ratio on major derivatives trading platform Deribit, and for contributing analyst Cole Garner, this is a sure sign that price action will react positively in the near term.
“I recently discovered the ratio of market buys & sells of perpetuals on Deribit Exchange is a sick leading indicator,” he commented.
The data ties in with other recent observations from the exchange sphere against a backdrop of whale interest
Read more on cointelegraph.comAbout this in other media
Bitcoin could ‘violate the framework’ through which digital currency is viewed, if… ambcrypto.com /2 years ago
Could Altbase be the Next Crypto App of Choice? cryptonews.com /2 years ago
Metaverse, NFTs, and DeFi: Three crypto use cases that could redefine the global priorities over time economictimes.indiatimes.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
