Derivatives records highlights crypto merchants’ definite sentiment and perception in further upside

Derivatives records highlights crypto merchants’ obvious sentiment and perception in additional upside

The most up-to-date weak point within the crypto market has no longer invalidated the six-week-long ascending model, even after a failed test of the channel’s greater band on Feb. 21. The total crypto market capitalization stays above the psychological $1 trillion value and, more importantly, cautiously optimistic after a current round of destructive remarks from regulators.

<em>Entire crypto market cap in USD, 12-hour. Source: TradingView</em>

As displayed above, the ascending channel initiated in mid-January has room for another 3.5% correction down to $1.025 trillion market capitalization whereas quiet sustaining the bullish formation.

<em>Weekly winners and losers amongst the tip 80 cash. Source: Messari</em>
<em>Perpetual futures accrued 7-day funding rate on Feb. 27. Source: Coinglass</em>
<em>BTC alternatives quantity set-to-name ratio. Source:</em>

Continue Reading on Coin Telegraph

  'No Touchdown' Misfortune at Odds With Fed’s Objectives

Drop your queries here! ↴ we will answer you shortly.