Currencies38131
Market Cap$ 2.27T+1.27%
24h Spot Volume$ 33.20B+0.27%
DominanceBTC56.36%+0.10%ETH9.49%+1.35%
ETH Gas0.10 Gwei
Cryptorank
/

Bitcoin Sees Slow Bleed as Distribution-Driven Selling Pressure Intensifies: Bitfinex


Bitcoin Sees Slow Bleed as Distribution-Driven Selling Pressure Intensifies: Bitfinex

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Similar to previous bear markets, bitcoin (BTC) is now on track to experience a slow bleed regime. As analysts explained in the latest Bitfinex Alpha report, this seasonal pattern is further aggravated by weakening demand from spot and institutional avenues.

Even options traders have stopped paying for protection as implied volatility continues to decline and derivatives fall to multi-month lows. This means they are exhibiting a diminishing appetite for paying high premiums for hedging bets.

Read the article at CryptoPotato

In This News

Coins

$ 64.01K

+1.33%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 64.01K

+1.33%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Bitcoin Reclaims $64K Despite Strategy’s New Sale and Resumed US-Iran Strikes: Weekly Recap

Bitcoin Reclaims $64K Despite Strategy’s New Sale and Resumed US-Iran Strikes: Weekly Recap

Meanwhile, Ethereum is back at $1,800, SOL is struggling to maintain $80, while XRP h...
Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In

Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In

Strategy has more BTC holdings than Binance, so the firm has a significantly larger u...