Bitcoin’s futures data aligned with the hope of BTC businessmen for new hours high

Key Takeaways:

• The purchase of Bitcoin in the area and futures market has helped BTC prices retain the upward momentum despite $ 170 million in margin prevention.

• Stablecoin’s vulnerable demand in China and the limited use of futures leverage suggest the current Bitcoin rally is preserved.

Bitcoin (Btc) The price showed strength to the $ 102,000 support level on May 19, following $ 170 million in the extermination of leveraged positions. Sudden $ 5,000 correction after hitting $ 107,090 may be unexpected, but that doesn’t mean the odds to reach a full time in the near term are lower, especially since the scale of Bitcoin derivatives has shown stability.

The annual one -month futures premium for Bitcoin remained close to 6% despite a retest of $ 102,000 support. This current level is within 5% to 10% neutral range, which has been the standard last week. While at first glance the data may suggest a lack of optimization, at the same time, it has proven that the purchase pressure comes from the marketplace rather than from those.

Japan Bond Spike and Credit Fears Weight in Bitcoin’s sentiment

Some analysts introduce Bitcoin’s correction to the comments of Japan’s Prime Minister Shigeru Ishiba in the country’s fiscal situation “no doubt difficult,” as Bloomberg reported.

The produce in the long-term bonds of the Japanese government has grown to their highest levels ever on May 19 as entrepreneurs demand increased return, which signed a lack of trust. Japan is the largest owner of US Treasury bonds, so investors are concerned about Contagion’s dangers in a delicate moment for the global economy, especially since the ongoing trade war is severely limited to growth prospects.

The fact that Moody’s rating agency cuts the US government Long -term credit rating In AA1 from AAA also plays an important role in limiting the reverse of bitcoin, especially its Correcting the S&P 500 The index has remained above 80% since early May. The investor’s feelings can deteriorate rapidly because the impact of tariffs is partially reflected in the second-quarter corporate income.

To understand if Bitcoin has what it takes to reach a full time in the near term, one must study the demand for stablecoins in China. Out -of -date periods usually lead to trading of stablecoins above fair value, which is not a healthy indicator, as Bitcoin jumps above $ 105,000.

USD TETHER (USDT) is trading in a slightly 0.4% discount in China, which means that the rising price of bitcoin is unlikely to be driven by FOMO. Lack of action in bitcoin futures and the lack of desperate flow to Chinese markets are key ingredients for sustainable prices, paving the way for a more solid momentum of over $ 105,000.

The Bitcoin Shrugs Off Bad News, holds support in the middle of the powerful area demanded

Bitcoin price showed significant stability after the announcement of a Demand of Action in Class Against the leading executives of the approach, which claims “false and/or false statements” about the risks associated with Bitcoin investment. The complaint specifically mentioned the unlucky losses, although those events did not affect the company’s cash flow.

Regardless of whether the case is foundation, negative titles tend to have a stronger and longer neutral price impact on Bearish markets, which is clearly not the case as a strategy sharing (MSTR) that exchanged 2.4% on May 19.

In addition, the fact that the $ 102,000 support held in the midst of increasing economic uncertainty, combined with Strong Purchase Purchase And elastic metrics of derivatives, provides every indication that Bitcoin is properly positioned for additional prices.

This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.