๐๐ถ๐๐ฐ๐ผ๐ถ๐ปโ๐ ๐๐ฝ๐ผ๐ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐ฑ๐ผ๐ฒ๐ ๐น๐ถ๐๐๐น๐ฒ ๐๐ผ ๐๐ฝ๐ผ๐ผ๐ธ ๐๐ง๐ ๐ผ๐ฝ๐๐ถ๐ผ๐ป๐ ๐๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐
Bitcoin futures and options signal investorsโ confidence was not meaningfully impacted by BTCโs recent dip to $61,500.
The 13.3% drop in Bitcoin
BTC๐ป$63,315 price between April 12 and April 13 forced many traders out, primarily those who had leveraged their positions. This significant movement triggered $387 million in forced liquidations of long positions and reduced the open interest by $5.4 billion. At first glance, the price action and its effect on the derivatives markets suggest a decreased risk appetite.
Yet, cryptocurrency traders are accustomed to volatility and often overreact during uncertain times. A closer examination is necessary to determine whether the retest of $61,500 was sufficient to instill fear or to signal that the path to $72,000 and a potential all-time high after the Bitcoin halving is now less probable.
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