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Bitcoin's Margin Lending Ratio Drop Sparks Healthy Rally to $30K

1 min read
Source: Cointelegraph
Bitcoin's Margin Lending Ratio Drop Sparks Healthy Rally to $30K
Photo: Cointelegraph
TL;DR

Bitcoin's recent rally above $30,000 is supported by strong macroeconomic data, but investors are questioning its sustainability. However, Bitcoin derivatives metrics show no excessive leverage from longs, indicating a healthy market structure. Professional traders have kept their leverage long positions unchanged, and Bitcoin futures traders have not added leveraged bullish positions. Therefore, BTC price can easily rally another 10% to $33,000 given sellers are currently scared to short it.

Topics:businesscryptocurrency#bitcoin#btc-price#cryptocurrency#macroeconomic-data#margin-lending#professional-traders
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  1. Healthy Bitcoin rally: What does a margin lending ratio drop mean for BTC price?  Cointelegraph
  2. Bitcoin Skyrocketed To $30000 Earlier This Week — Here's What Experts Predict Could Happen Next  Benzinga
  3. Bitcoin traders in 'disbullief' as analyst predicts $30K BTC retest  Cointelegraph
  4. Is Bitcoin's (BTC) Rally to $30,000 the Start of a New Crypto Boom?  Bloomberg
  5. Bitcoin has crossed $30,000 again but the crypto industry is a shadow of what it was: ‘I don’t think there’s the mania’  Fortune

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