Sawn
Bitcoin poised to reclaim $90,000, according to derivatives metrics
Bitcoin derivatives show no stress, supporting resilience despite $920M in long liquidations to put BTC price on track toward the $90,000 level in the coming weeks.
Bitcoin basis rate rebounds from bearish levels
From a derivatives perspective, Bitcoin metrics have shown resilience despite a 30% drop from its all-time high of $109,354 on Jan. 20. The Bitcoin basis rate, which measures the premium of monthly contracts over spot markets, has recovered to healthy levels after briefly signaling bearish sentiment on March 13.#ETH #
Bitcoin derivatives show no stress, supporting resilience despite $920M in long liquidations to put BTC price on track toward the $90,000 level in the coming weeks.
Bitcoin basis rate rebounds from bearish levels
From a derivatives perspective, Bitcoin metrics have shown resilience despite a 30% drop from its all-time high of $109,354 on Jan. 20. The Bitcoin basis rate, which measures the premium of monthly contracts over spot markets, has recovered to healthy levels after briefly signaling bearish sentiment on March 13.#ETH #