Large corporations are buying Bitcoin at an accelerating pace, but pro traders are reluctant to open BTC longs while the dollar index strengthens.
Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is nowhere near the levels seen before the 26% drop to $43,000 on Feb. 28. The current scenario is far from bearish, but derivatives indicators do not reflect the substantial purchases from institutional clients, including Microstrategy, Meitu, and most recently, Aker ASA, a Norweigian oil conglomerate.Bitcoin price, USD. Source: TradingViewThe longer Bitcoin stays above a certain threshold, the more confident investors get. For example, the last daily close below $45,000 was 28 days ago. Therefore it might take a couple of weeks until a more robust support level is created. For this reason, pro traders might not be comfortable with adding long positions as the U.S. Treasu
Argo Blockchain information leak reveals $2B facility in Texas
In its filing with the London market regulator, Argo said its representatives disclosed some internal information that wasn’t…
