这就是为什么多头不购买比特币价格下跌的原因 $50,000

比特币 (比特币) has been bouncing at the $51,000 support for the past 44 天. 通常, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021.

然而, cryptocurrency investors are typically short-term-focused and always overly optimistic. 从而, the current narrative for Bitcoin is slowly turning bearish but aside from sentiment, what story are the fundamentals telling?

然而, there is a possibility that the recent drop has its roots in the $1.55 billion options expiry set to occur on April 23. 如Cointelegraph先前报道, bears have a $340 million advantage below $57,000. That could also explain why pro traders kept a neutral stance despite the 18% dip over the past eight days.

Coinbase的比特币价格, 美元. 资源: 交易视图

另一方面, some analysts such as Willy Woo have said that the Chinese coal mining accident caused the violent drop in Bitcoin’s hashrate. This event, plus the electricity outage in China’s Xinjiang region, may have reduced the Bitcoin network’s processing power by 19%, and it exposed its heavy dependency on coal-driven energy.

While critics jumped in to bash Bitcoin, Coin Metrics co-founder Nic Carter produced a well-researched rebuttal to some of the key claims. Carter points out that Bitcoin mining, which is relatively portable, is concentrated in areas where electricity is unused and cheap.

此外, while the gold industry is environmentally destructive and diesel energy-dependent, Bitcoin mining can be fully powered by clean energy. Unlike precious metals, 比特币矿工’ portability allows the use of previously wasted oil and gas resources.

Whatever the case, pro traders haven’t been adding positions during the recent BTC price correction.

Pro traders aren’t selling but are also not buying at any price level

Major cryptocurrency exchanges provide data on their top traders’ 多头至空头净定位. This indicator is calculated by analyzing clientsconsolidated positions on the spot, 保证金, and futures contracts. By doing this, it provides a clearer view of whether professional traders are leaning bullish or bearish.

It is important to note that there are occasional methodology discrepancies between various exchanges, so one should monitor changes instead of absolute figures.

Exchange’s top traders Bitcoin long-to-short ratio. 资源: 比伯特

The chart above shows that top traders increased their exposure between April 14 和四月 17, while the Bitcoin price was above $60,000. 另一方面, over the past five days, these whales and arbitrage desks remained relatively flat.

It is worth noting that the current 1.49 ratio favoring longs on OKEx remains lower than the 1.75 level seen on April 17. This data signals that top traders reduced their positions over the past five days.

A similar trend took place at Binance, where top traders net long-to-short ratio peaked at 1.25 在四月 17. Albeit slightly favoring longs, the current 1.18 indicator sits at the lower range of the past three weeks.

最后, Huobi top traders added long positions between April 14 和四月 18, but they kept a steady 0.90 ratio.

因此, there is no doubt that whales and arbitrage desks are not adding to their long positions even as BTC tests the $52,000 support with a 20% correction from the April 14 峰.

然而, investors are encouraged to wait for Friday’s options expiry before jumping to any fast conclusions.

这里表达的观点和意见仅是 身份验证[R 并不一定反映Cointelegraph的观点. 每笔投资和交易动作都涉及风险. 您在做出决定时应该进行自己的研究.

让我们屏蔽广告! (为什么?)

资源: 声电图

正在加载...