By Emir Abyazov Key highlights: Bitcoin tumbles below $104K, with traders bracing for a test of $100K Analysts eye possible correction toward $92K CME futures gap Short-term holders show signs of capitulation amid growing losses Bitcoin has fallen below $104,000 for the first time in weeks, sparking warnings from traders that the leading cryptocurrency may […]
Tag: CME
By Afe Funbi Key highlights: The price of Bitcoin retested the key support at $100,000 for the first time after several weeks of selling pressure started, putting bulls on the defensive. Analysts also warn that a break below $100K could trigger a sharp move toward $92K to close a CME gap. On-chain activity is cooling […]
By Marco Piccolo Key highlights: JPMorgan analysts identify crypto-native investors as primary drivers of the recent crypto market downturn Institutional investment vehicles like ETFs and CME futures saw minimal liquidations during the sell-off Perpetual futures, popular among crypto-native traders, experienced heavy unwinding and outsized losses Trade Crypto on Kraken The recent downturn in cryptocurrency markets […]