) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000.
On Feb. 10, cryptocurrency lending firm Nexo Capital announced that its yield-bearing Earn Interest product for U.S. customers would be On Feb. 14, the U.S. will report January's consumer price index data, which will reveal whether price increases have been subdued after the central bank's interest rate hikes. Typically, lower inflation rates would be celebrated as it reduces the pressure on the U.S. Federal Reserve to curb the economy. But on the other hand, lower consumer demand is likely to pressure corporate earnings, which could trigger the recessionary environment even further.
Retail traders usually avoid quarterly futures due to their price difference from spot markets. Meanwhile, professional traders prefer these instruments because they prevent the fluctuation of funding rates in aThe three-month futures annualized premium should trade between +4% to +8% in healthy markets to cover costs and associated risks. Thus, when the futures trade below this range, it shows a lack of confidence from leverage buyers. This is typically a bearish indicator.
At the same time, the traditional market looks for further data before adding bullish positions. For example, investors would rather wait until the U.S. FED displays conviction on the end of the interest rate increase movement.
noshitcoins For me LTC looks very good to hodl. If there will be potencial alt season this or next year LTC looks very strong.
noshitcoins What rally? Manipulation + Liquidations?
noshitcoins No problem if you are in $Scallop $SCLP
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