Key Bitcoin Price Metric Shows Professional Traders Nervous About $ 19K BTC

Key Bitcoin Price Metric Shows Professional Traders Nervous About $ 19K BTC

This week (BTC) hit a new 3-year high of $ 18,965, leading investors to believe that a new all-time high above $ 20,000 is to be expected.

While this is an exciting time, data shows some professional investors are worried about the price at these levels and the lack of FOMO retail calls for a sharp pullback.

Bitcoin price (USD) on Bitstamp. Source: TradingView
3 month BTC futures contract premium, January 2020. Source: Skew
3 month BTC futures contract premium. Source: Skew
Long / short ratio of top Huobi BTC traders. Source: Huobi
Long-short ratio of top Binance BTC traders. Source: Binance