Bitcoin Futures traders return to pump BTC: will it Last?

The following are key points.

• Crypto traders are returning to the market as spot and futures trading volumes rise.

• Charts indicate that swing trader will be selling intraday rally highs.

Bitcoin’s price volatility on Tuesday was a result of the Bitcoin exchange rate (BTCEther, (ETHThe SOL (Solana’s SOL) gained a small boost to $4.110. Solana’s SOLSOLThe price of, also tried to rise above $200 with a short rally. It reached $198. In Bitcoin’s instance, the breakout rallies are in line with BTC’s increasing open interest, and indicate that traders have returned to the market following the Oct. 10 crash, when $20 billion worth of futures were liquidated.

Evidence traders rejoining the market The data of CoinGlass, which shows Bitcoin Futures Open Interest rising from its October 11 Low at $28 Billion to above $32 Billion can be seen.

The chart provided by Hyblock’s analysts shows the move from $107,453 to $114,000 in line with Bitcoin’s four-hour open interest and volume delta becoming positive. A rise in BTC funding rate was also seen with the breakout rally, which suggests that futures markets were driving this move. 

As Bitcoin’s price settles into its post-sale range, analysts say traders will start to focus on the zones with the most liquidity. Today, BTC prices were absorbing topside liquid in the range of $114,000-$115,000. 

Related: Price predictions 10/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE

Rakesh upadhyay is a technical analyst at Cointelegraph. He said: “Data suggests traders are becoming more comfortable adding risk.” “sellers are expected to continue closing profitable positions at intra-day range highs,” Bulls, however, are not expected to be a common sight. defend the $107,000 support. 

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.