Bloomberg Strategist Sees Bitcoin as Global Alternative Currency — Warns Stock Market Drawdown Could Impact BTC
Submitted by Anonymous (not verified) on Sat, 03/02/2024 - 03:30

Data shows around $280 million in cryptocurrency futures shorts have found liquidation in the past day as Bitcoin has touched $57,000.


Data shows that Bitcoin Open Interest has surged to extreme levels recently, a sign that a large amount of volatility may soon clutch the market.
Data shows the futures side of the crypto market has witnessed liquidations of $221 million as Bitcoin has broken above the $51,500 mark.
Data shows the cryptocurrency futures market has gone through a $152 million liquidation squeeze as Bitcoin has broken past $47,300.
The total derivatives trading volume on CME rose 35% in January to $94.9 billion, the highest since October 2021.
Expectations that U.S. regulators will approve spot bitcoin ETFs next year are driving prices higher.
Data shows over $333 million cryptocurrency futures shorts have found liquidation in the past day after Bitcoin registered a plunge towards $42,000
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