Bitcoin's 2023 Bullish Trendline in Focus as Traders Search for Directional Clues
A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows. Original Source
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Directional
What directional liquidity pooling brings to DeFi
Modern decentralized exchanges (DEXs) mainly rely on liquidity providers (LP) to provide the tokens that are being traded. These liquidity providers are rewarded by receiving a portion of the trading fees generated on the DEX. Unfortunately, while liquidity providers earn an income via fees, they’re exposed to impermanent loss if
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Bitcoin Option Traders Seem Doubtful At Entering Directional Trades
Data from Bitcoin options shows that crypto traders are currently selling out and uncertain about entering directional bets on the coin’s future transactions. This is the highest occurrence of this kind of investors’ sentiments on the coin since last year May, when more than 50% of Bitcoin’s value declined. Arcane Research’s
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Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias
A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash.Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering
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