Consistent monthly increase since February indicates a change from accumulation to modest distribution, similar to the bad market of 2022.
The annual growth rate of balances for whale accounts containing 1,000 to 10,000 Bitcoin (BTC) has slowed to a negative trend, marking the fastest shrinkage this year.
On Thursday, Bitcoin (BTC) made its first move back over $72,500 in six weeks, leading to $342 million in liquidations for bullish leveraged bets. Investors are concerned that bears will maintain control ahead of the $9 billion monthly options expiration, even if there was a recovery bounce to $73,500.
With $3.4 billion in open interest for buys and $2.91 billion for puts, Deribit has a 70% market dominance for the May monthly options expiration. When Bitcoin fell below $78,000 on May 17, however, bulls were taken unawares.
Only $306 million worth of call options will be still in the money if Bitcoin remains below $74,000 as we approach Friday’s expiration. Put o
We współpracy z: https://thenewscrypto.com/bitcoin-bulls-face-growing-market-headwinds/
