Bitcoin News Thebittimes.Com

The Bitcoin futures' premium surge is having traders ask whether this is excitement or a return to the average after a multi-month bear market. The Bitcoin (BTC)  futures ' premium has reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate "excessive excitement" or a "return to the mean" after a prolonged bear market. BTC price gains capped by regulators, macroeconomics Bitcoin's price has been trading in a narrow 4.4% range since June 22, oscillating between $29,900 and $31,160 as measured by its daily closing prices. The lack of a clear trend might be uncomfortable to some, but that is a reflection of the opposing drivers currently in play. For instance, investor sentiment was negatively affected by the historic reversion of the U.S. Treasury yield curve, which reached its highest level on record. U.S. 10-year / 2-year spread. Source: Real Investment Advice The closely monitored inve...

The past week had been quite volatile for Bitcoin. From last Monday’s high of $21.06k, the largest crypto asset’s price dropped down to a low of $15.58k by Wednesday. Nevertheless, some stabilization and recovery were noted after that. Even though the candles registered during the weekend—on both Saturday and Sunday—were in red, not much downward deviation was noted. By and large, BTC oscillated in the $16k-$17k bracket during the said period. BTC/USDT | Source: TradingView Bitcoin exchange outflows peak Bitcoin exchange outflows just created a new record high. According to data from the on-chain analytics platform Glassnode, the number of withdrawals on exchanges reached an 18-month high of 3,445.613 on Monday. Source: Glassnode Coins leaving exchanges usually indicate that HODLers are buying. However, this time seems to be slightly different. With crypto exchange FTX on the verge of collapse, investors have been moving away from Centralized Fina...