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Yesterday, funding rates fell below zero in a market sentiment reset as Bitcoin’s price declined following its new all-time high. Bitcoin Funding Rates Briefly Fell Below Zero Yesterday As per the latest weekly report from Arcane Research, the funding rates have plummeted following a spike around when BTC made a new ATH.
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Other traders remain active, seeking opportunities for investments that will outperform BTC by using options and futures strategies. “Over time, a lot of folks that deployed in crypto went for vanilla (passive) strategies, but saw that they could get more alpha and mitigate risk with active strategies,” crypto hedge fund
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It’s the calm before the storm. What to do when the Fear and Greed index turns grey? Warren Buffett already told us to be greedy when others are fearful. We already know that we should be fearful when others are greedy. What should we do when the market it’s at
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The world’s leading crypto experienced a market sentiment shift after rallying nearly 44% in a week, defying predictions that it would dip further toward the $20K range. However, the momentum seems to be slowing down after BTC faced a rejection yesterday and ranked below $40K. As of this article’s writing,
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Bitcoin seems to have recaptured the 50-day moving average as support Bitcoin is now firmly above the $34k price area, trading at the $34,720 at the time of writing Bitcoin’s weekly close tonight will provide more information as to whether its bullish trajectory can be sustained Twitter sentiment surrounding Bitcoin has returned to
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Crowd sentiment towards Bitcoin continues to dip to negative territory Bitcoin sentiment is at negative levels last witnessed in October 2020 At current rates, it could keep falling to negative levels last seen in June 2018 The Crypto fear and greed index is at 20, its lowest since April 2020 Bitcoin’s price action remains
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The price of Bitcoin dips below $40k, triggering bearish sentiment. BTC is now down 40% from its highs, making this in line with the worst drops of 2017. Currently, Bitcoin is holding the 200-day moving average, having wicked below it briefly during the early hours. Source: BTCUSD on TradingView.com William Clemente III
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Quick take:Bitcoin’s Twitter sentiment has taken a nosedive in the month of MarchBTC Twitter sentiment is at its most bearish since October 1st 2020However, the approval of a $1.9T stimulus bill might change the tide for BitcoinBitcoin has regained the crucial $50k support with the weekly close aheadBitcoin reclaiming $52k
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A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com Short-term fundamentals favored bears. Bitcoin’s rebound from $30,000 came when the US stock market logged its worst one-day performance
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Bitcoin’s price slumped by around 5.6% in the past 24 hours thanks to some Asian traders taking a short-term bearish view and concerns the new Biden administration in the U.S. will seek to put a damper on cryptocurrency use.Profit-taking occurred in the spot market during Asian market hours after bitcoin
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