The premium on CME Bitcoin futures dropped to zero, but data shows pro traders are still bullish.
Data shows pro traders are currently more bullish on Ethereum than Bitcoin
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside.
Key data points suggest the crypto market’s short-term correction is over
Bitcoin price is still pinned below $60,000, but the recovery in ETH and altcoins suggests that the current correction could be coming to an end.
Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges
Bears took control of BTC price after options markets flashed bearish signals, but should traders be worried?
Bitcoin price stages a comeback as 3 indicators reflect BTC’s strength
The futures premium, top traders’ long-to-short ratio and options skew all signal that pro traders still feel positive about Bitcoin price.
Pro traders are mildly skeptical about Bitcoin’s recent return to $50K
Bitcoin’s price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons.