Key Bitcoin worth metric exhibits professional merchants are nervous about $19K BTC

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Key Bitcoin worth metric exhibits professional merchants are nervous about $19K BTC

This week (BTC) worth rallied to a brand new 3 yr excessive at $18,965, main buyers to consider a brand new all-time excessive above $20,000 is on the playing cards.

Whereas these are thrilling occasions, information does present that some skilled buyers really feel antsy concerning the worth at these ranges and the absence of retail FOMO has some calling for a pointy pullback.

Bitcoin worth (USD) at Bitstamp. Supply: TradingView
BTC 3-month futures contract premium, January 2020. Supply: Skew
BTC 3-month futures contract premium. Supply: Skew
Huobi BTC high merchants long-to-short ratio. Supply: Huobi
Binance BTC high merchants long-to-short ratio. Supply: Binance