Bitcoin is less than 5% away from making new all-time highs, and BTC futures markets look ready to support the rally. Key takeaways: Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations. Weak stablecoin demand in China and the limited use of futures…
Read more
BTC futures open interest approaches a record high and today’s sharp sell-off triggered alarm from traders. Bitcoin took a shot at $53,000 on Feb. 20, briefly surpassing $52,900 before correcting as the result of $50 million in leveraged long liquidations. Nevertheless, even with a drop to $50,750, Bitcoin futures open interest remains at $23.7 billion, which…
Read more
