Data: Glassnode, BTC has seen concentrated selling in the range of 109,000 to 115,000 USD, and the recent rise is being used for hedging.

ChainCatcher news, Glassnode posted on social media that the net premium flow of BTC shows concentrated selling in the price range of $109,000 to $115,000, indicating that the recent price rise is being used for hedging operations. This suggests that traders are adopting defensive positioning strategies during market consolidation, utilizing price strength for risk management.

BTC2.21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)