Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300.
Bitcoin (BTC) hiked 20% in seven days in an unexpected move that brought the price to its highest level since May 18. The price appreciation happened despite U.S. Treasury Secretary Janet Yellen reportedly supporting a broader definition of crypto companies in the HR 3684 infrastructure bill currently being considered in the U.S. Senate.Even though Bitcoin price continues to surge higher, investors are worried that regulation could erase the recent gains, but derivatives indicators show no sign of confidence from the bears.Bitcoin price at Coinbase, in USD. Source: TradingViewThe proposal mandates that digital asset transactions worth more than $10,000 are reported to the Internal Revenue Service, including validators, miners, and protocol developers. However, Senator Cynthia Lummis and Senator Pat Toom
Źródło: https://cointelegraph.com/news/bears-lick-their-paws-while-bitcoin-price-blasts-through-46-000
