Crypto market momentum stalls as traders await the results of recent regulatory actions

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Recent regulatory enforcement against the crypto sector has traders embracing caution, but noshitcoins says data does not show an uptick in short positioning.

On March 27, the Commodity Futures Trading Commission

Stocks and commodities have benefited as traditional finance investors seek alternatives to protect against inflation. Since March 15, the S&P 500 index has risen 6.6%, gold has risen 4.6%, and oil prices have gained 18.6%. As a result, there are compelling arguments for both an upward and downward trend within the lateral channel which currently limits crypto's total capitalization at $1.2 trillion.

A 0.70 put-to-call ratio indicates that put options open interest lags the more bullish calls and is, therefore, bullish. In contrast, a 1.40 indicator favors put options, which can be deemed bearish.The put-to-call ratio for Bitcoin options volume increased to its highest level since March 9, indicating an excess of demand for neutral-to-bearish puts. This is the inverse of what happened on April 1, when call options were in higher demand.Traders are pricing low odds of a break above $1.

 

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noshitcoins It’s funny how US government wants to ban BTC. However they have no problem selling the coins they seized.

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