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Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K By Cointelegraph

November 28, 2023
in Cryptocurrency
Reading Time: 1 min read
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Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K By Cointelegraph

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Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K
© Reuters

(BTC) briefly reached $38,000 on Nov. 24 however confronted formidable resistance on the worth stage. On Nov. 27, Bitcoin worth traded under $37,000, which is unchanged from every week in the past.

What’s eye-catching is the unwavering energy of BTC derivatives, which alerts that bulls stay steadfast of their intentions.

Deribit BTC choices put-to-call quantity ratio. Supply: Laevitas
Bitcoin 30-day futures annualized premium. Supply: Laevitas
USDT peer-to-peer vs. . Supply: OKX

Proceed Studying on Cointelegraph

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Tags: 37KBiasBitcoinBTCBullishCointelegraphdipsfirmholdsPricetraders
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