Source: Redstone OraclesMeanwhile, market participants have aired frustration at crypto’s susceptibility to the same volatility triggers impacting stocks.“It was a lot more enjoyable when $BTC traded independently of stocks,” commentator IncomeSharks told X followers on May 19. “It seems now it's just a way for people to trade stock futures during the weekend and mirror what the $SPY is doing during the week.”Volume delta warns over “local market top”Considering what it might take to launch Bitcoin back into price discovery, a new analysis looked at exchange order-book behavior.
Source: CoinGlassDiscussing the outlook for Bitcoin, trader CrypNuevo was among those arguing for caution instead of entering at any level in the current range above $100,000.“From a risk management perspective, I don’t see it worth it to go long right now at market price,” he wrote in an X thread prior to the weekly close volatility. “Yes, price could go up as the HTF trend suggests but as a trader I look for low risk entries.
CryptoQuant suggests that investors throwing caution to the wind around breakouts contributes to unsustainable price spikes, and monitoring volume delta helps avoid disadvantageous market entries.“Rather than being a warning sign, rising spot volumes at this point would be encouraging for market strength,” Darkfost continued. “Tracking spot volumes can provide valuable insights into investor behavior, especially on Binance, which handles the largest share of global trading.”This article does not contain investment advice or recommendations.
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Author / Journalist: Cointelegraph by William Suberg
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