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via Cointelegraph · By Cointelegraph Staff

Bitcoin Derivatives Show Bulls Making Moves Despite $70K Sell-off

BTC

BTC/USDT

$79,825.99

+0.17%

$79,825.99

+0.17%

(24s)

24h Volume

$6,294,834,195.40

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,999.99

▲ 0.43%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$82,300.00

Price$79,999.99

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.1

Cointelegraph Staff

(10:54 PM UTC)

1 min read

Approved byMichael Roberts

0 comments

Key takeaways:

Whale’s bullish positioning in the Bitcoin derivatives market is failing to counter the heavy spot selling pressure.
The slight discount on USDT indicates capital is exiting to fiat, exposing the Bitcoin futures leverage risks.

Bitcoin (BTC) dropped below $71,000 on Monday for the first time in seven weeks, liquidating $276 million in leveraged bullish positions as traders…

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Source

Cointelegraph Staff · Cointelegraph

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