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Given the weekend CME close, next 24 hours crucial to Bitcoin crossing $60,000
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Bitcoin registered a strong recovery of 28 November with the price rising by 5%, after dropping down to a low of $53,500. However, bullish momentum hasn’t been monumental over the past few days, and recovery has been more conservative.
Yet, fundamentally, there were strong developments on the derivatives side as one metric suggested a change last witnessed in 2019.
Source: Ecoinometrics
According to data from Ecoinometrics, the smart money in CME Bitcoin futures indicated a net flat ratio between
Read more on ambcrypto.comAbout this in other media
The dip that shook the market and what lies ahead, as Bitcoin crosses $50,000 ambcrypto.com /2 years ago
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Bitcoin Below $50,000, At Early October Levels, After Weekend's Battering ndtv.com /2 years ago
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