Some crypto traders suggest waiting on the sidelines to avoid getting “rinsed by leverage,” as they can always “play catch up later.” Traders with leveraged positions in Bitcoin could be in for a nasty surprise as the cryptocurrency faces a critical crossroads, which could see the price bounce in different directions, analysts warn. “The market was…
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BTC traders at Bitfinex and OKX have been reluctant to use margin markets for bearish bets, creating an imbalance that investors should keep an eye on. Cryptocurrency traders’ desire to create leverage positions with Bitcoin is strong, but it’s impossible to know if these traders are risk-takers or savvy market makers who hedge their positions.…
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