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3 Bitcoin price indicators prove pro traders are still bullish on BTC

Published 01/12/2021, 06:15 PM
Updated 01/12/2021, 08:00 PM
3 Bitcoin price indicators prove pro traders are still bullish on BTC

This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price.

Many mainstream media outlets perceived the correction as the start of a new bear market but data simply does not support this line of thinking.

BTC futures daily volume, in USD. Source: coinalyze.net
BTC spot exchanges daily volume, in USD. Source: Messari Screener
Grayscale Bitcoin Trust premium. Source: TradingView
BTC perpetual futures funding rates. Source: NYDIG Digital Assets Data
BTC options 30% to 20% skew. Source: genesisvolatility.io

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