CME exposure at all-time highs and weekly ETF flows at 7-month highs push BTC to 3-month highs.
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Bitcoin hits 3-month highs
Bitcoin reached three-month highs of $69,500 this week, before ultimately retracing to $67,320 for a 2% gain. BTC continues leading the market, as ETH remains in a narrow range between 0.038 and 0.04 vs. BTC. The market now flirts with a $70,000 breakout, but for momentum to be maintained, the September
Over the last seven months, Bitcoin has traded with isolated spurts of volatility but no major directional trend – similar to price action seen in 2023. However, signs of a shifting market now begin to materialize. lg...more
Leverage has climbed to yearly highs amid BTC's persistent ranging, increasing the risk of near-term long squeezes as we enter a week tightly packed with important macro events. lg...more
Prices have retraced from 2mth highs as we enter a data-heavy week, set to move markets. While this may subdue short-term momentum, Q4 offer a plethora of bullish factors. lg...more