First Mover Americas:$BTC Bitcoin Futures Positions Top Record $37B as Analysts Predict Bitcoin Surge to $83K
Here are the article's main points ¹ ² ³ ⁴:
- Bitcoin futures positions reached a record of $37.7 billion.
- The previous record of approximately $37 billion was established in March when Bitcoin reached an all-time high of over $73,000.
- Following a record 18-day net inflows streak for spot Bitcoin ETFs, the increase occurred.
- With more positions betting on the price increase than decrease, the long-short ratio in BTC futures surpassed 1.
- According to a study by 10x Research, Bitcoin might be poised for an $83,000 surge.
- To complete an inverted head-and-shoulders pattern, BTC must move past $72,000.
- An asset experiences three price troughs in this pattern, with the center one being the deepest.
- According to 10x founder Markus Thielen, it is only a matter of time before the price of BTC reaches a new high.
- A breakout above $72,000, a 1% increase over the current price of about $71,300, may depend on the U.S. nonfarm payrolls data, due for release at 08:30 ET.
- If the data is poor, it may strengthen the argument for Fed interest rate reductions, increasing risk assets' upward momentum, including cryptocurrencies.
- Semler Scientific, a healthcare business that has previously invested in Bitcoin as part of its corporate strategy, announced on Thursday that it will spend $17 million on BTC and raise an additional $150 million to purchase more.
- According to data from CoinDesk Indices, the business's 828 Bitcoins, which were acquired for $57 million,
