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Rgb bitcoin | These capital rotations are typical in the crypto markets after large bitcoin run-ups, followed by a rally in bigger crypto assets then among meme coins and micro caps as traders chase tokens that haven't moved yet to profit. Joel Kruger, market strategist at LMAX Group, noted that the cascading liquidations of leveraged longs intensified the current sell-off as traders faced margin calls. Head to consensus. Native tokens tied to layer 1 L1 blockchains gained the most Friday, with Cardano ADA being the best performer, as steady bitcoin BTC price fueled capital rotation to altcoins. Joel Kruger, market strategist at LMAX Group, noted that the cascading liquidations of leveraged longs intensified the current sell-off as traders faced margin calls. But given the rising Bitcoin exchange supply, this bullish scenario looks unlikely in the short-term. |
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THIS IS THE SECRET REASON WHY BITCOIN SAW A PULLBACKComparatively, the analyst highlights some good news: Ethereum (ETH) open interest went up, suggesting some BTC trade has moved there. BTC hit a two-year high above $49, last week, which the day RSI failed to confirm, as seen in the chart below. The subsequent price drop. In November , CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is.
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