The buying force has not exceeded the selling force for four months in the futures market.
Bitcoin's buying and selling strength has crossed into the green zone in futures contracts. The last time he was in this area was four months ago.
It should be noted that futures contracts are a type of financial derivatives popular in the bitcoin market that allow the asset to be bought or sold at a certain price on an agreed date.
The current dominance of buyers over sellers in bitcoin futures also coincides with what is seen in the spot market.
Spot trading, also called spot, refers to the direct purchase or sale of digital currency. When there is greater supply than demand in this market, the price of bitcoin falls; However, when the opposite happens, the price rises.
Over the past four days, the price of bitcoin has remained mostly at $27,000, after spending a week at $26,000. This rise reflects that buyers have also once again dominated the spot market.