Even looked at the net, and Bitcoin is around 74K. Interestingly, last week it seemed to be heading toward 75K, but now we're pulling back. What I find remarkable is how strongly the derivative products seem to influence these movements. The futures and options markets are quite active, and that really appears to be indicating the direction.



I have a feeling that we are much more dependent on what happens in the derivative markets than on retail momentum. When those large positions shift, the spot market follows. Keep a close eye on it, because this can go either way.
BTC-1,76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin