Wednesday, November 25, 2020
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Pro traders added to shorts as Bitcoin price broke $12K — Data shows

As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12 when BTC briefly tested $11,700 but failed to maintain momentum.What differentiates the current situation from

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Market Wrap: Bitcoin Tests $12K; Ethereum Fees Fall to 3-Month Low

Bitcoin’s price passed $12,000 for the first time since September as Ethereum fees dipped.Bitcoin (BTC) trading around $11,910 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,673-$12,058BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading on

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