Crypto News Bulletin from bitcoinist

Monday July 13, 2020 1:00 AM
1 day 19 hours ago

The Last Time Institutions Built This Big of a Bitcoin Short, It Crashed 60%

As Bitcoinist has extensively covered over recent weeks, Bitcoin is in an odd spot. The leading cryptocurrency currently trades above the support of $8,500 and below the $10,000 resistance. With BTC stuck between a rock and a hard place, investors have become indecisive as to what comes next. Nothing shows this as well as the funding rate of Bitcoin futures markets, which have trended towards 0.00%. Yet data has shown that quietly, institutional traders have […]