{"id":22043,"date":"2023-07-04T09:34:06","date_gmt":"2023-07-04T09:34:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/futures-markets-drive-bitcoin-price-jump-possible-squeeze-ahead-says-analyst\/"},"modified":"2023-07-04T09:34:06","modified_gmt":"2023-07-04T09:34:06","slug":"futures-markets-drive-bitcoin-price-jump-possible-squeeze-ahead-says-analyst","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/futures-markets-drive-bitcoin-price-jump-possible-squeeze-ahead-says-analyst\/","title":{"rendered":"Futures Markets Drive Bitcoin Price Jump, Possible Squeeze Ahead:, Says Analyst"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>\u2018s recent price surge is attributed to movements in the futures markets, according to on-chain analyst Willy Woo. Woo, who boasts a following of over a million on Twitter, has given his insights into this price trend using Glassnode\u2019s data.<\/p>\n<p>Woo\u2019s analysis indicates that the price changes are mainly driven by demand from the calendar futures markets, a tool typically used by professional and institutional investors. He further suggests that this demand continues to grow, pointing towards the early stages of another potential price squeeze.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins in Aztec Magic Deluxe <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>However, Woo also warns of overbought calendar demand according to statistical analysis. <em>\u201cIt\u2019ll be critical to watch for a decrease in basis. It could dissipate quickly, impacting the bullish price action,\u201d<\/em> he cautions. He explains that \u2018basis\u2019 in this context refers to the cost of maintaining a long position and serves as a quantifiable measure of demand from calendar futures.<\/p>\n<p>At time of writing, Bitcoin is up % in the last 24 hours and is trading at <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/markets\/\">$31,028<\/a> according to <a href=\"https:\/\/igaming.org\/cryptocurrencies\/coinmarketcap\/\">CoinMarketCap<\/a> data.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Welcome Bonus &#8211; 125% bonus on your first deposit up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoins-recent-spike-tied-to-futures-markets-says-analyst-willy-woo\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Bitcoin\u2018s recent price surge is attributed to movements in the futures markets, according to on-chain analyst Willy Woo. Woo, who boasts a following of over a million on Twitter, has given his insights into this price trend using Glassnode\u2019s data. Woo\u2019s analysis indicates that the price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22043"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22043"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22044"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}