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.com