October 29, 2020

Bakkt set a new record amid falling Bitcoin

On November 8, the price of bitcoin at high volumes again fell below $ 9,000, breaking the support level in the form of 200 day MA.

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Bakkt set a new record amid falling Bitcoin

BTC / USD, TradingView data

Against this background, the number of monthly futures traded on Bakkt has updated its historical maximum at around 1741 (over $ 15 million). This is 109% more than the previous day.

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According to Skew, over the past 24 hours positions on $ 109.1 million were liquidated on the BitMEX exchange.

We will remind, earlier the technical analyst explained why he considers probable a fall in the range of $ 8400- $ 8600.