Crypto Bro (LARRY) news

Bitcoin’s wide price range to continue, no longer a ‘long only’ bet

Bitcoin’s rally over the past year has not been driven “by typical crypto-bro speculation,” says 10x Research’s Markus Thielen. Bitcoin could be heading into another extended consolidation phase, with short-term indicators suggesting a more bearish outlook, contrary to the broader crypto community’s view, according to the head of research at 10x Research. While many crypto analysts predict new Bitcoin all-time highs by June, Markus Thielen said in an April 14 markets report that he is skeptical, pointing out that onchain data signals “more of a bear market environment than a bullish one.” Thielen said the Bitcoin stochastic oscillator — which compares a particular closing price to a range of prices over a specific period to determine momentum — shows patterns “more typical of a market top or late-cycle phase rather than the early stages of a new bull run.” “As a result, short-term signals are not aligning with longer-term indicators, highlighting the disconnect in the market outlook,” Thielen said. “Bitcoin is no longer a parabolic ‘Long-Only’ retail-driven market,” he added, explaining it now “demands a more sophisticated, finance-oriented approach.” “Bitcoin’s rally over the past year hasn’t been driven by typical ‘crypto-bro’ speculation but by long-term holders seeking diversification and adopting a buy-and-hold strategy,” Thielen said. Source: CoinTelegraph Futures Market Updates A slight pullback led to increased bearish sentiment across markets. Bitcoin Futures Updates Total BTC Open Interest: $53.05B (-9.29%) BTC Volume (24H): $84.91B (-1.52%) BTC Liquidations (24H): $34.61M (Long)/$15.69M (Short) Long/Short Ratio: 49.50%/50.50% Funding Rate: 0.0033% Ether Futures Updates Total ETH Open Interest: $17.85B (-1.67%) ETH Volume (24H): $40.03B (-9.90%) ETH Liquidations (24H): $38.28M (Long)/$9.63M (Short) Long/Short Ratio: 48.76%/51.24% Funding Rate: -0.0026% Top 3 OI Surges WCT: $92.75M (+43,413.86%) 10000000AIDOGE: $14.02M (+1,209.48%) AIDOGE: $4.62M (+239.20%)