Category: Long-to-Short

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Crypto regulation is coming, but Bitcoin traders are still buying the dip

The premium on CME Bitcoin futures dropped to zero, but data shows pro traders are still bullish. Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it’s clear that (BTC) price has been consistently making lower lows since hitting an all-time high at $69,000. Bitcoin/USD on FTX. Source:…
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Key Ethereum price metric signals pro traders are skeptical about $2K ETH

Data suggest retail traders are over-optimistically using leverage to long Ethereum, whereas pro traders remain skeptical about ETH’s short-term prospect of reaching $2,000. In the last 24-hours, Ether (ETH) rallied above $1,900 to a new all-time high and this breakout reflects a strong 45% gain for just February alone. Aside from Ether following Bitcoin’s (BTC)…
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