Bitcoin Holders Are Avoiding Leverage in the Latest Rally

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


On-chain analysis reveals that the use of leverage in trading Bitcoin has been significantly reduced, even as the market is currently experiencing an appreciation in the value of BTC. This could imply that traders and investors are bullish on Bitcoin but are hesitant to put all of their money into the market. The implication of this could lead to slow and steady growth for BTC as the overall trend flips bullish.

Market participants now seem to be becoming more cognizant of the risks involved in trading with leverage. Trading Bitcoin with leverage has been in existence for about a few years now. Leverage allows a trader to make more profits than he would have made without it. At the same time, trading with leverage can drastically increase the chance of getting liquidated much sooner if the price moves against the predicted direction.

Key Bitcoin Levels To Watch – January 22

The market seems to be recovering as it breaks the short-term low at $21479.00. However, the market still looks very bearish on the daily time frame since it has yet to break the long-term high at the $25215.00 price level.
Bitcoin holders are avoiding leverage in the latest rallyThe Moving Average Period 9 shows that the current direction of the market is upward, however, a daily bearish order block hangs at the $25215.00 supply zone. If the order block is not mitigated, the price might eventually resume its original trend in a downward direction.

Bitcoin Key Levels

Resistance Levels: $28800.00, $25215.00, $21479.00
Support Levels: $18385.00, $15512.00, $12487.00

Total Market Capitalization: $1.03T
Bitcoin Market Capitalization: $436.70B
Bitcoin Volume: $25.28B
Market Rank: #1

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.