Bitcoin, which has experienced an incredible fluctuation recently, saw the $ 50,000 threshold for the first time in futures markets. The cryptocurrency, which is forcing 50 thousand dollars in spot markets, has not been able to surpass this threshold at least for now.
Bitcoin, the world’s most popular cryptocurrency, traded above the $ 50,000 threshold on major futures exchanges for the first time in its history. However, despite pushing twice the resistance of $ 50,000 on spot exchanges such as Bitcoin, Coinbase, and Binance, it rose to a maximum of $ 49,556 and subsequently lost 3.5 percent.
CryptoQuant CEO Ki-Young Ju blamed “Coinbase whales (USD) and Stablecoin whales (USDT)” for bitcoin to withstand the $ 50,000 threshold. According to Ju, the negative premium must subside for Bitcoin to pass this level. The Coinbase bonus stabilized right after the initial rejection and coincided with Binance’s Tether price.
“Bitcoin will exceed the $ 50,000 threshold, but will fall back to $ 42,000”
Expert investor Lex Moskovski stated that Bitcoin could start a new rally and said, “Unlike Coinbase, the buying pressure of Binance and other exchanges continues to dominate the rise to $ 50,000. This can be seen in the decreasing Coinbase premium. On the other hand, it could mean that Coinbase buyers can enter the race as the session begins in the US. We’ll see.” He spoke in the form.
Another famous investor, Mac, stated in his statements that Bitcoin can exceed the $ 50,000 threshold, but then decline to $ 42,000 and create a support level. We will wait and see together what kind of activity will be experienced in Bitcoin, which has shown an astronomical rise since last year.