In this video: Benjamin talks about the Bitcoin bear market resistance band. Video by Benjamin Cowen.
"New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!"
Learn more >>
Bitcoin (BTC) is trading around $76,900, consolidating after a recent wave of liquidations pushed it below $75,000. The market faces a tug-of-war: traders are building bullish call options anticipating a breakout toward $82,000, but geopolitical tensions and hawkish signals regarding Federal Reserve interest rates are capping momentum.
Visit Trading Platform >>
Insights Today
-Spot ETF Flows: Spot Bitcoin ETFs in the U.S. have experienced recent outflows. A drop in the "Coinbase premium"—a key gauge measuring U.S. institutional demand versus the rest of the world—has hit monthly lows, signaling that U.S. buyers are currently less aggressive.
-Options Market Positioning: Derivatives data on exchanges like Deribit shows heavy trading volume for the end-of-May $82,000 call options. However, the "max pain" price (the point where the largest number of option contracts expire worthless) sits right around $75,000, suggesting BTC could face lingering downward pressure.
-Macro Headwinds: Bitcoin's "hard-money" asset thesis is being tested by elevated Treasury yields in the U.S. and potential Federal Reserve rate hikes. This has made traditional yields more competitive against digital assets.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
