Bitcoin futures data aligns with BTC traders’ hope for new all-time highs

Key takeaways:Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations. Weak stablecoin demand in China and the limited use of futures leverage suggest Bitcoin’s current rally is sustainable. Bitcoin (BTC) price has displayed strength at the $102,000 support level on May 19, following the $170 million in liquidations of leveraged positions. The abrupt $5,000 correction after hitting $107,090 may have been unexpected, but it does not mean the odds of reaching an all-time high in the near term are lower, especially since Bitcoin derivatives metrics have shown resilience source: https://cointelegraph.com/news/bitcoin-futures-data-aligns-with-btc-traders-hope-for-new-all-time-highs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound