Speculative positioning and macro lights are running bitcoin speed ahead of the print of inflation on Tuesday. But how far can it last
In short
$BTC has decreased by 4.5% since Saturday, close to $122,838 mid-July record
Derivative data jump into open interest, indicating a increase in long bets
Traders are watching CPI release on Tuesday for clues at potential rate of feed
Bitcoin is expected to break its all-time high this month as a positive economic approach supports risk assets including crypto
According to CoinGecko's data, the weekend rally has helped end the losses seen last week, has btc risen to 4.5% since Saturday and the top is pushing crypto to trade, it has a high of 122,838 all the time on July 14
Open interest has also increased 7,834 BTC as well as the increase in spot and constant purchase volume, with derivative platform CoinLease shows data, the move is mainly put into fuel by long speculative positioning
Bitcoin Price Closes in on All-Time High as Traders Await Key Inflation Data
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BTC
117,900.57
+0.20%
