Summary
- Jamie Coutts, the chief analyst at Real Vision, assessed that Bitcoin's rise occurred healthily without excessive leverage.
- He stated that Bitcoin's price is influenced by the derivatives market and investors' position directions.
- Coutts conveyed that there is a high likelihood that Bitcoin's strong trend will continue.
Bitcoin (BTC) has shown a healthy upward trend, and there is a high possibility that this strong performance will continue.
On the 26th (local time), Jamie Coutts, the chief cryptocurrency analyst at Real Vision, stated on X (formerly Twitter) that "the key factors influencing Bitcoin's price are the derivatives market and the direction of investors' positions," adding that "this record high was not due to excessive leverage or one-sided position betting." This suggests that the recent rise in Bitcoin is a healthy increase rather than a speculative bet.
He further stated, "The strong trend of Bitcoin is likely to continue."
As of 4:31 PM, Bitcoin is trading at $109,913 on the Binance USDT market, up 2.26% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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