Bitcoin ($BTC) funding rates on major cryptocurrency exchanges are showing a ‘solid sign of capitulation & prices nearing bottom,” as traders are now starting to favor shorting the flagship cryptocurrency over longing it. Shorting, or short selling, is a trading strategy that speculates the price of an asset is going to decline. In it, a […]
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The Bitcoin price is slashing from past consecutive 3 days while all the attempts to flip the downtrend appears to have gone in vain. The asset seems to have again started trending within the same descending trend with what it began the yearly trade. The asset previous dropped from $47,000 levels to as low as …
The universal crypto market, following the headwinds from the supercycle. Has been steadily rising from the blues of the dumps. The industry is currently sailing with a market capitalization of $2.05 Trillion, which suffered a dip of 2.4% over the past day. Following turbulence from the previous day, Santiment suggests that Bitcoin’s average funding rates …
When Bitcoin made its dramatic decline in 2018 from all-time highs, many traders may have wished that they could profit from the thousands of dollars that were wiped off Bitcoin’s market cap and spot price. Well, it may surprise you to learn that many traders did – and they still are in 2022. Trading a […]
The $4.5 area was identified as an area of demand for The Sandbox. However, the price was rejected at a crucial level and has been dropping steadily down the charts in the past couple of weeks. The momentum was strongly bearish, and a drop toward the $3.29 level was likely. A retest of the $4-$4.5 […]
Polkadot found support at $23.5 recently, but its endeavor to flip the $27.45 area from supply to demand was rejected in no uncertain terms. What began as a pullback in early November appeared to have become a downtrend. On the daily chart, the price was still within an area where long-term investors would seek to […]