Bitcoin futures data aligns with BTC traders’ hope for new all-time highs
Bitcoin is less than 5% away from making new all-time highs, and BTC futures markets look ready to support the rally.
Key takeaways:
Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations.
Weak stablecoin demand in China and the limited use of futures leverage suggest Bitcoin’s current rally is sustainable.
