Trade Signals:
🔥 Take Short position with 5X to 15X leverage .
Note: This Token have high volatility nature so before taking any position must do your own research .
📢 Crypto News:
🔥Bitcoin derivatives hint at potential rally above $73K — New all-time highs next
Bitcoin derivatives data suggests room for additional price upside in the coming weeks as Ethereum ETF approval chances rise.
Bitcoin
$69,766
has experienced a significant surge, gaining 8.5% within 24 hours to reach $71,926 on May 21. This move places Bitcoin just 2.5% shy of its all-time high. Moreover, BTC derivatives are showing favorable conditions for breaking new all-time highs in the weeks ahead.
The 4% daily jump in BTC price appears to be spurred by growing optimism around the approval odds of a U.S. spot Ethereum exchange-traded fund (ETF) and a general market trend seeking inflation protection. This trend has also propelled gold and the S&P 500 to new all-time highs on May 20.
Many traders wonder whether the recent price surge in Bitcoin was driven by excessive use of leveraged long positions and what the implications of a spot Ether
$3,759
