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Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

Coin Telegraph LogoCoin Telegraph1 mo ago

Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

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Bitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown.

In an interview with Cointelegraph, Swiss National Bank (SNB) deputy head Thomas Muser said that the decentralized finance (DeFi) ecosystem would cease to exist if current financial regulations are implemented in the crypto industry.

According to Cointelegraph, this indicates that capitulation has already occurred and Glassnode, an on-chain analysis firm, demonstrated that the Bitcoin Mayer Multiple fell below 0.5 which is extremely rare and hasn't happened since 2015.


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Article Details

Author / Journalist: Cointelegraph By Marcel Pechman

Category: Crypto

Topics: Markets Options Liquidation Glassnode Futures China Derivatives Leverage Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-27, 20:30:00

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 4 minutes read

Article Length: 673 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 16693

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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