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    Vikshita Vitthal Gujaran in Crypto News

    08-Nov-2022 10:11 AM


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    Bitcoin bulls fail to hold $21K, but pro traders refuse to flip bearish

    147 days have passed since Bitcoin (BTC) closed above $25,000, and the result is that investors are less sure that the $20,000 support will hold.
    According to CNBC, this is not the first time that Europe has expressed its concerns, citing international trade rules and “discriminatory” policies.
    Bitcoin 3-month futures annualized premium.
    The chart above shows that derivatives traders have been neutral to bearish for the past week as the Bitcoin futures premium remained below 2.5% the entire time.
    In a nutshell, pro traders have been holding bullish positions using stablecoin margin lending.

    Source - Coin Telegraph