But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover.
A large group of investors that were previously at a loss is now back in the category that Glassnode analysts label as “unrealized profits.”Futures data typically hold an equilibrium between longs and shorts. As the market moves, investors tend to update their futures to avoid liquidation. Conversely, in mid-January investors were caught off guard which resulted in an all-time high of 85% short liquidations.The short liquidation dominance has helped fuel the current Bitcoin rally.
True, but Crypto as a Tradeable Commodity always was & still is a 'very bad' idea. Thin-Air Alt-Coins = Ponzi. Crypto collateralized with BTC is only way. Only Govts. to buy BTCv.20. Support CBDCs collateralized with BTCv2.0. Invest in L1, L2 Tech firms for bridge protocol
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