Tag: News

Bitcoin Sales by Long-Term Holders Seem to Have Bottomed Out: Van Straten

Long-term holders of bitcoin (BTC) seem to ended their selling spree, a change in strategy that’s helped convert the psychological $100,000 resistance price into a support level for the first time. With one, short-lived exception, the largest cryptocurrency has held above $100,000 since Jan. 17. The past few days...
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CME Bitcoin Options at Most Bullish Since U.S. Election, ETF Inflows Surge

On Tuesday, bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) showed the strongest bullish sentiment since Donald Trump’s Nov. 5 election victory. Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November, according to data...
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