Bitcoin Derivatives Data: A Rally Past $10,000 Could Be Abruptly Halted

Since trading as low as $8,180 seven days ago, Bitcoin has mounted a strong recovery that brought it as high as $9,900 on Sunday. It’s an impressive recovery that has many convinced the cryptocurrency is set to rally higher. Data from Bitcoin derivatives markets, however, suggests that the cryptocurrency may be subject to a short-term reversal after a 20% bounce. Bitcoin Derivatives Market Signals Caution As derivatives exchanges have become increasingly adopted by Bitcoin traders, […]