New All-Time High for Bitcoin
Mar, 2024

New All-Time High for Bitcoin

The news in the market are not other but the new all-time high that was transcribed in the Bitcoin market yesterday, breaking the $69,000 barrier and setting a new record.


The market dropped immediately as many investors sold their positions and the price went down to previous levels. This isn’t expected to hold for a long time, seeing the price dynamics and the market movements.


This is also depicted in the derivatives market, where the funding rates have returned to previous levels, showing that the bull run has not been over.


We should also mention that there are almost $1 billion in derivative contracts that have been on the “Sell” side, at the all-time high level of $69,000.


Maybe there is a sharp turn of the trend in the next days but the only sure thing is that the large capital sources have not give their last boost yet in the market…..


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