Search results for K33
Crypto
Bitcoin rebound fails to lift sentiment from \'extreme fear\' as profit-taking and macro factors linger
Bitcoin traded around $75,300 on April 17, with weekly gains above 6%, but market sentiment remained in the “extreme fear” zone, according to The Block Crypto. Analysts cited key resistance near the true market mean and said the rebound looked more like a relief rally than a trend shift. Profit-taking increased, institutional participation was selective, and options markets leaned defensive. Mixed ETF and exchange-flow signals and macro conditions also weighed.
Crypto
Bitcoin may be nearing end of range as negative funding hits 46 days
Bitcoin has maintained negative derivatives funding rates for an extended period, while both price and open interest rise, prompting analysis that an upside breakout has become more likely. K33 said the current market structure resembles past Bitcoin bottoming phases. It cited a 46-day stretch of negative 30-day average funding, matching the duration seen near late-2022 bear market lows. It also pointed to price gains in the past week and since early February.
Crypto
Bitcoin trading slows as short bets build in calm before storm
Defensive bets against Bitcoin are rising quickly, with leveraged short Bitcoin ETFs lifting exposure to the second-highest level on record, research and brokerage firm K33 said. It described the market as in an “aggressive caution” phase as geopolitical risks and technical uncertainty weigh on sentiment. K33 also warned of possible bearish crowding, citing negative funding rates for 32 straight days. Seasonal factors around the Easter holiday may further thin liquidity and dampen volatility.
