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Bitcoin price surges, but derivatives metrics reflect pro trader’s neutral sentiment

As Bitcoin (BTC) finally broke out of the $46,000 resistance on March 27, traders were quick to conclude that the bearish trend was gone for good. Even as the price hit its highest level in 84 days, derivatives metrics and Asia’s Tether premium still show a lack of bullish sentiment.While

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Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen

Bitcoin's (BTC) last daily close above $45,000 was 66 days ago, but more importantly, the current $39,300 level was first seen on Jan. 7, 2021. The 13 months of boom and bust cycles culminated with BTC price hitting $69,000 on Nov. 10, 2021.It all started with the VanEck spot Bitcoin

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Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry

Bitcoin (BTC) has bounced 11% from the $39,650 low hit on Jan. 10 and, currently, the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10

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‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block

Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues. Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewhere.Binance "absorbing" orphaned Huobi usersThe end of

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BitMEX Buys $100,000 of Carbon Credits in Bid to Become Carbon Neutral

BitMEX bought $100,000 worth of carbon credits, representing 7,110 metric tons of carbon dioxide emissions, enough to offset its bitcoin carbon footprint for the next year, the crypto exchange said in a blog post.The credits will match the environmental footprint from both its bitcoin transactions and the servers powering the

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