The combination of a high Bitcoin futures funding rate, the presence of a CME gap and whales depositing to major U. This flushes out overleveraged longs and brings some balance into the market. Prior to the weekly candle open, the funding rate of the Bitcoin futures market ranged between 0. Vajalik Bitcoini parandus?
Fuel for a broader Bitcoin rally? Unlike most cryptocurrency exchanges, because the CME Bitcoin futures exchange is not open at all times, a gap forms between CME and many Bitcoin trading platforms. Source: TradingView.
The CME gap is sometimes considered an important gap to fill for the Bitcoin rally to continue in the near term. Bitcoin CME gap closed finally. This flushes out overleveraged longs and brings some balance into the market.
- Täna Uudised Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide "Sait" siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest.
- Parimad online-aktsiaoptsioonitehingud
- Fuel for a broader Bitcoin rally?
- Биткоин преодолел отметку $61
Prior to the weekly candle open, the funding rate of the Bitcoin futures market ranged between 0. This is fold to fold higher than the default 0.
Learn How to Trade: CME Futures GAPS Explained - Lesson #7
Although the Bitcoin CME futures Gap TradingView rate of Bitcoin has remained relatively high throughout the bull cycle, a 0. The combination of a high Bitcoin futures funding rate, the presence of a CME gap and whales depositing to major U. Hence, it is likely that some whales took profit on their positions, causing the market to dip sharply in a short period.
However, whales selling large amounts of Bitcoin can cause a bigger correction than usual because it leads to cascading liquidations in the futures market. Many overleveraged longs can get liquidated consecutively, amplifying the effect of the whale-induced sell-off.
After the drop, traders are anticipating a gradual recovery.
Scott Melker, a cryptocurrency trader and technical analyst, said that recent history indicates dips do not last long. He wrote:"I have no idea what happens here, but recent history shows that dips have not lasted long.
Would love to see another slow float back up after this bit of selling. Of course we could drop, but each move like this of late has been a buying opportunity.