Bitcoin Shows Signs of Recovery—Is the Downturn Finally Over?
Bitcoin is exhibiting a recovery trend, having climbed back above the $62,000 mark. The cryptocurrency is currently consolidating and could continue to rise if it breaches the $64,500 resistance level. After establishing a strong base above $60,000, Bitcoin has made notable gains, trading above $62,500 and the 100-hour simple moving average. A critical breakout above […]
Surge in TradFi Futures on Crypto Exchanges Amid Sluggish Spot Trading: CryptoQuant
According to the latest CryptoQuant report, analysts have identified a significant increase in perpetual futures activity in traditional finance (TradFi) even as the demand for bitcoin (BTC) remains subdued. Despite this contraction, recent trade sizes indicate notable institutional participation in the market. The report highlights that the uptick in TradFi futures is particularly evident on […]