Bloomberg: Bitcoin Futures Indicate Bullish Momentum Remains Strong as Perpetual Contracts Show Long Demand Outpacing Short Bets
According to a report by Jinse Finance, Bloomberg noted that while the rally in cryptocurrencies is supported by Wall Street’s overall risk appetite, analysts believe that this cycle has seen a significant influx of new corporate buyers, which sets it apart from previous cycles. Bitcoin futures indicate that bullish momentum remains strong, and in the perpetual contracts market—a popular way for traders to leverage their positions in the crypto market—long demand is outpacing short bets. Analysts point out that Bitcoin breaking through the $119,500–$120,000 range with rising trading volume reflects sustained buying interest. A continued breakout above $122,000 could pave the way toward $124,000–$125,000. However, the market is not without vulnerabilities; Wall Street may be underestimating the likelihood of Trump returning to protectionist policies, and escalating trade tensions could disrupt the current situation.
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