Bitcoin’s bullish case fails to convince as its spot and derivative metrics show a divergence. The cryptocurrency is trending either flat or downwards in the short-term, but its futures’ cumulative long positions and open interest are rising. A prominent trader sees the indicators as signs of an imminent price correction. Bitcoin has corrected by more than 4 percent from its local top near $9,500, but that has not deterred traders from increasing their exposure in […]
