Crypto

Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K By Cointelegraph

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© Reuters

(BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.

What is eye-catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast in their intentions.

Deribit BTC options put-to-call volume ratio. Source: Laevitas
Bitcoin 30-day futures annualized premium. Source: Laevitas
USDT peer-to-peer vs. . Source: OKX

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