Tag: Bitcoin 2021

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CME Bitcoin derivative traders had ‘paper hands’ as BTC broke $55K — Report

October 7, 2021

Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals. Bitcoin (BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week. Retail investors reduced their long exposure across the Bitcoin futures and options markets in…
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Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021

September 19, 2021

The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%. Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests. First spotted by pseudonymous analyst Bit Harington, the bullish setup…
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