🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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📸 Join the #MyGateMoment# campaign!
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LAST MINUTE: Whales Take Action in Bitcoin (BTC)! What will happen?
Bitcoin (BTC) volatility may increase.
As of the first day of the week, the leading cryptocurrency Bitcoin (BTC) has managed to exceed the level of 31 thousand dollars and has risen to 31,300 dollars. The continuation of the bull trend in Bitcoin also positively affects altcoins.
Bitcoin dominance has also increased as of today, with BTC gaining value.
As of now, BTC dominance is at 51.34 percent.
Giant investors are transferring stablecoins to derivatives markets.
“They are issuing stablecoins from spot exchanges and sending stablecoins to derivative exchanges. There are also high Bitcoin (BTC) inflows to derivative exchanges.”
“VOLATILITY WILL BE VERY HIGH, A FUTURE SIDE OPERATION CAN COME WITH LONG FITTINGS, LET'S STAY AWAY FROM HIGH LEVERAGE TRANSACTIONS FOR A TIME.”
Although Bitcoin has been showing upward movements in the last hours, it is not known exactly in which direction the stablecoins and BTCs entering the derivative markets will be used.
Using these assets in the long direction may cause Bitcoin to exceed $ 32 thousand, while using them in the short direction may cause it to fall to the level of $ 30 thousand.
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