Pro traders adopt a hands-off approach as Bitcoin price explores new lows

  • Bitcoin’s recent 20% drop has put the price at its lowest level in nine months, but this is not unusual compared to other assets.
  • Futures market participants are reluctant to open leverage long positions, but this does not necessarily mean that they are bearish.
  • Options market traders have been signaling “fear” since April 8, and this has worsened over the past four days.
  • Margin traders remain mostly optimistic, according to the USDT/BTC lending ratio.
Pro traders adopt a hands-off approach as Bitcoin price explores new lows
Pro traders adopt a hands-off approach as Bitcoin price explores new lows 2

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