Bitcoin

<ul><li>Bitcoin&#39;s shift to hedge mode, with increased short positions, indicates anticipation of a significant price decline.</li><li>Aggregate Perpetual CVD data confirms bearish sentiment, with longs closing faster than shorts open.</li><li>Despite current stability, technical indicators suggest potential downward momentum, prompting caution among investors.</li></ul><a href="https://cryptotale.org/bitcoin-enthusiasm-surges-as-short-term-holders-hold-48-of-realized-cap/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> volatility has investors on edge as the cryptocurrency sees a notable downturn, with prices hovering around $65,000. As highlighted by Skew, an analytic firm, market data indicates a shift towards hedge mode, characterized by an increase in short positions.This movement is particularly pronounced on Binance perps, where aggressive hedging into the daily close is observed. Bybit perps, on the other hand, show a trend of longs capitulating and new shorts entering the market. This suggests a prevailing sentiment of anticipation for a significant price decline.Aggregate Perpetual Cumulative Volume Delta (CVD) data further confirms the market&#39;s bearish outlook, with longs closing positions at a faster rate than shorts opening them, driving the CVD lower than the current price. Additionally, the normalized CVD metric is declining, reflecting the selling pressure from longs and the rise in short positions. Quarterly Annualized Basis rates are experiencing a decline amidst the current market downturn, which is perceived as a healthy adjustment.<a href="https://cryptotale.org/bitcoins-battle-at-65k-will-bulls-prevail-or-bears-take-control/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Bitcoin's Battle at $65K: Will Bulls Prevail or Bears Take Control?

CryptoTale

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