10x Research: Powell's Friday Speech May Boost Stocks and Risk Assets such as Bitcoin
According to Trader T's monitoring, in the past 10 days, the open positions of BTC futures contracts have increased by 12%: -CME: Increased by 9.3% -Binance: Increased by 12.5%. The constant negative funding rate: -Binance was -0.035% for the past seven days. It also stated that many short positions have begun to accumulate. With the shrinkage of trading volume, a short squeeze (price surge) may be imminent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Concordium Launches Zero-Knowledge Proof Age Verification App to Address New Mandatory ID Checks in the UK
Trader The White Whale Holds $300 Million Position, SOL and ETH Longs Yield Nearly $20 Million in Unrealized Profits
Trending news
MoreCrypto prices
More
