Bearish

Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Quick Take Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online. Data suggests this is actually happening — but prominent crypto traders aren’t exactly sure what’s driving it. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. …

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Do on-chain metrics show an overly bearish picture of the 2020 Bitcoin market?

Do on-chain metrics show an overly bearish picture of the 2020 Bitcoin market?

Bitcoin’s on-chain metrics suggest that the market is overly bearish. This has been the case for most of 2020.  Source: Coinmarketcap Up till now, on-chain metrics are considered a reliable source of data for predicting Bitcoin’s market sentiment and price. It is assumed that the Bitcoin Network needs sufficient on-chain volume in order to fuel …

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Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing after the cryptocurrency’s 30 percent rebound from a market bottom in mid-March. After recovering from the depths of the coronavirus-induced sell-off, bitcoin repeatedly failed to break above a price of $7,400.  Bitcoin (BTC) prices fell Monday …

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