Greeks.live: ETH is showing strength, but a "false bull market" may exist
Greeks.live released a community briefing indicating that the community seems to hold a predominantly bearish view on Bitcoin, with several traders holding short positions in BTC. Traders are watching for potential reversals, with some believing ETH is showing strength, while others think the current upward trend is a "fake bull market" pattern that will eventually fade. Additionally, options traders have noted that despite the price remaining flat for several weeks, volatility remains low at around 35.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve Turns Hawkish Again! This Year's Voting Member Logan: At Least Two More Rate Hikes Needed, Pace May Accelerate
On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.
Google Fi "Super Network" launches today for Pixel 9 and newer devices
Crypto prices
More
