of the recent purchasing activity. This means large players are"not giving up on crypto." The study considers the returns occurring during U.S. trading hours but expects the outperformance of altcoins relative to Bitcoin.
Let's look at Bitcoin derivatives metrics to better understand how professional traders are positioned in the current market conditions.The USD Coin premium is a good gauge of China-based crypto retail trader demand. It measures the difference between China-based peer-to-peer trades and the United States dollar.
However, one should dive into BTC futures markets to understand how professional traders are positioned.Retail traders usually avoid quarterly futures due to their price difference from spot markets. Meanwhile, professional traders prefer these instruments because they prevent the fluctuation of funding rates in aThe three-month futures annualized premium should trade between +4% to +8% in healthy markets to cover costs and associated risks.
Bitcoin derivatives and stablecoin demand exited the panic levels but if the FED's expected soft landing takes place, the risk of a recessionary environment will limit stock markets' performance and hurt Bitcoin's “inflation protection” appeal.
BTC price broke above $22,500 on Jan. 20 and has since been able to defend that level, accumulating 40.5% gains. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls.
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noshitcoins Bitcoin price broke above $22,500 on Jan. 20 and has since been able to defend that level — accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market... (Coverage via: noshitcoins)
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