Institutions are loading up on bull call spreads in anticipation of a continued bitcoin price rally.
The largest cryptocurrency continues to claw back ground after last week suffering its biggest loss since March 2020.
Bitcoin started March nicely but whether it can match its previous winning streak is yet to be seen.
The largest cryptocurrency was up more than 8% Monday, rebounding after its worst seven-day stretch since the coronavirus sell-off in March 2020.
ESG funds will seek to avoid bitcoin investment, the research firm noted.
A bearish engulfing candle is just one signal among many market indicators and some analysts say the bull market is intact.
“Cash is king in times of distress, not bitcoin,” said one market watcher.
The cryptocurrency rose to $1.30, beating out its previous all-time high set in January 2018.
The largest cryptocurrency has failed to hold above $50,000 amid a downdraft in traditional markets.
Both bitcoin and stocks had been showing signs of weakness since the beginning of the week.
Bitcoin's bulls are taking over the market again.
Big money continues to chase bitcoin on dips, blockchain data shows.
The crypto mining company said the news marks an upgrade from its previous presence on the middle-tier OTCQB Venture Market.
The bitcoin market looks to be in a more healthy state after massive long liquidations blew the froth off the futures market.
You can send an Ethereum transaction, or you can buy yourself a steak dinner.