Sunday, September 25, 2022

$43K BTC flipping support? Not anytime soon, according to derivative metrics

Must read

Chinese electric car giant BYD plans to build a factory in Thailand

Chinese electric car company BYD has expanded rapidly overseas, including announcements in recent months of plans to enter Thailand's and Japan's passenger car markets....

Use options to bet on volatility for these stocks with upcoming analyst days, Goldman says

Second-quarter earnings season is in the rear-view mirror, but there is still a busy calendar in the weeks ahead that could give a jolt...

Tesla changes leadership and sets new goals at Nevada Gigafactory

Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time.James Glover II | ReutersTesla has shaken up...

World’s largest rice exporter India restricts shipments after below-average monsoon rainfall

Indian farm workers transplant rice paddy amid the state's ongoing monsoon on August 02, 2022 in Hooghly district in the state of West Bengal,...

Investing.com - Financial Markets Worldwide

Please try another search

Cryptocurrency6 hours ago (Mar 23, 2022 10:20PM ET)

$43K BTC flipping support? Not anytime soon, according to derivative metrics © Reuters.

(BTC) showed strength on March 22, posting a 5% gain and testing the $43,000 resistance. The move liquidated over $150 million worth of leverage short positions, those betting on a declining price using futures contracts.

Some Twitter (NYSE:) analysts attribute the price improvement to the Do Kwon, the co-founder of blockchain protocol . During a recent Twitter Spaces conversation with analyst Udi Wertheimer, Kwon revealed his plans to back the TerraUSD stablecoin with Bitcoin.

OKEx USDT/BTC margin lending ratio. Source: OKEx
Bitcoin 30-day options show 25% delta skew: Source: Laevitas.ch

Continue Reading on Coin Telegraph

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

More articles

Latest article

Chinese electric car giant BYD plans to build a factory in Thailand

Chinese electric car company BYD has expanded rapidly overseas, including announcements in recent months of plans to enter Thailand's and Japan's passenger car markets....

Use options to bet on volatility for these stocks with upcoming analyst days, Goldman says

Second-quarter earnings season is in the rear-view mirror, but there is still a busy calendar in the weeks ahead that could give a jolt...

Tesla changes leadership and sets new goals at Nevada Gigafactory

Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time.James Glover II | ReutersTesla has shaken up...

World’s largest rice exporter India restricts shipments after below-average monsoon rainfall

Indian farm workers transplant rice paddy amid the state's ongoing monsoon on August 02, 2022 in Hooghly district in the state of West Bengal,...

Uranium is ‘on a tear’ right now. Here are two ETFs to play it

One niche area of the commodity market — uranium — has been a bright spot over the past month, with its performance outpacing even...