Bitcoin Traders Target $95K in Near Term; SUI Continues Multiday Rally
“Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside,” a trading firm said.
“Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside,” a trading firm said.
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BlockBeats news, on April 25th, Glassnode posted that as Bitcoin prices rebound, market leverage is increasing, thus increasing the possibility of exacerbating volatility through liquidation and stop loss. Despite the increase in open contract positions, the average funding rate has dropped to -0.023%, indicating a market bias towards short positions. Bitcoin traders seem to be shorting the current uptrend, and if the bullish momentum continues, it may trigger a bearish squeeze situation. The 7-day moving average of the premium rate for long positions has decreased and continues to decline. This indicates a decrease in market demand for long exposure to Bitcoin, further reinforcing the current view that perpetual contract positions are mainly short.
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According to Foresight News, Zhao Changpeng stated in an article that in the past few years, several centralized exchanges (CEX) have missed out on the high trading volume of BNB as one of the top five currencies due to its failure to launch BNB, and are now gradually catching up. He pointed out that although this will intensify the competitive pressure on Binance, it is a great benefit for BNB itself and welcomes Kraken's support for BNB.
OKX-BTC/USDT is currently trading at $95137.90, with a 24-hour increase of 2.17%. Please be aware of market fluctuations.