• Mon. Sep 26th, 2022

FED

  • Home
  • Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K

Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K

BTC’s $335 million options expiry has become a death trap for bulls, and increased legal action by the SEC and IRS against crypto companies is adding to the sell pressure.

Crypto markets bounced and sentiment improved, but retail has yet to FOMO

The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.”

Bitcoin derivatives show a lack of confidence from bulls

High correlation to stock markets and recession risks limit optimism on the part of BTC investors.

Need Help?
Scan the code