{"id":544864,"date":"2023-07-28T17:00:19","date_gmt":"2023-07-28T17:00:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=544864"},"modified":"2024-06-11T08:14:30","modified_gmt":"2024-06-11T08:14:30","slug":"data-shows-bitcoin-traders-going-long-blast-above-30000-looming","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/","title":{"rendered":"Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?"},"content":{"rendered":"

Bitcoin continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks. Recent data shows that the cryptocurrency has been recording \u201ccrab-like\u201d price action in the short term, but operators favor the long side of their trades. <\/strong><\/p>\n

Related Reading: Why This Billionaire Continues To Advocate For Bitcoin Amid Surging US Debt?<\/a><\/div>\n

As of this writing, Bitcoin trades at $29,700 with a 0.7% loss in the last 24 hours and a 2% loss in the previous week. The cryptocurrency\u2019s implied volatility has been trending to the downside while BTC\u2019s price holds still at its current levels.<\/p>\n

\"Bitcoin
BTC’s price trends to the upside on the daily chart. Source: BTCUSDT Tradingview<\/figcaption><\/figure>\n

Low Volatility Set The Stage For A Bitcoin Price Explosion?<\/h2>\n

Data from a report posted<\/a> by crypto analytics firm Block Scholes via Deribit indicates that Bitcoin and Ethereum traders have been seeking long exposure to these cryptocurrencies. As mentioned above, this behavior coincides with a decline in delivered volatility.<\/p>\n

As a result, the BTC and ETH perpetual swap markets are experiencing a shift in funding rates. This measure determines the percentage paid by long to short positions at a given time.<\/p>\n

The chart below shows that funding rates have been trending to the upside since last September 2022. At that time, the price of Bitcoin and other cryptocurrencies hit a multi-year low.<\/p>\n

Now, the BTC price experienced a 100% recovery from those levels leading to a change in the derivatives sector. The chart shows that funding rates across the BTC, ETH, and USDC trading pairs have been positive for the past three months.<\/p>\n

This data shows that traders are going long and willing to pay short positions for their exposure. A positive funding rate is often linked to the sentiment among operators and could hint at an upcoming bullish run when found on platforms like Deribit, where \u201csmart money\u201d trades.<\/p>\n

\"Bitcoin
BTC, ETH, and USDC perpetual swaps have been positive over the past three months. Source: Block Scholes via Deribit<\/strong><\/a><\/figcaption><\/figure>\n

Why Are BTC Traders Going Long?<\/h3>\n

Conversely, Block Scholes wonders: why are traders going long when implied volatility fell to new all-time lows? What\u2019s driving operators for long exposure while the price trades sideways so much that they are willing to pay a premium? The report stated:<\/p>\n

We find it somewhat odd that traders are willing to pay such a consistently high rate for long exposure despite such low expectations of volatility.<\/p><\/blockquote>\n

Related Reading: Bitcoin Set To Accelerate As A Store Of Value In Wake Of Bank Collapses, Cathie Wood<\/a><\/div>\n

The above is unclear; it could be traders hedging their positions on the options market could be traders getting ready for an upcoming move as the U.S. Securities and Exchange Commission (SEC) deliberates on the potential approval of a spot Bitcoin Exchange Traded Fund (ETF).<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks. Recent data shows that the cryptocurrency has been recording \u201ccrab-like\u201d price action in the short term, but operators favor the long side of their trades. Related Reading: Why This Billionaire Continues To Advocate For Bitcoin Amid Surging US Debt? As of this writing, Bitcoin trades at $29,700 with a 0.7% loss in the last 24 hours and a 2% loss in the previous week. The cryptocurrency\u2019s implied volatility has been trending to the downside while BTC\u2019s price holds still at its current levels. Low Volatility Set The Stage For A Bitcoin Price Explosion? Data from a report posted by crypto analytics firm Block Scholes via Deribit indicates that Bitcoin and Ethereum traders have been seeking long exposure to these cryptocurrencies. As mentioned above, this behavior coincides with a decline in delivered volatility. As a result, the BTC and ETH perpetual swap markets are experiencing a shift in funding rates. This measure determines the percentage paid by long to short positions at a given time. The chart below shows that funding rates have been trending to the upside since last September 2022. At that time, the price of Bitcoin and other cryptocurrencies hit a multi-year low. Now, the BTC price experienced a 100% recovery from those levels leading to a change in the derivatives sector. The chart shows that funding rates across the BTC, ETH, and USDC trading pairs have been positive for the past three months. This data shows that traders are going long and willing to pay short positions for their exposure. A positive funding rate is often linked to the sentiment among operators and could hint at an upcoming bullish run when found on platforms like Deribit, where \u201csmart money\u201d trades. Why Are BTC Traders Going Long? Conversely, Block Scholes wonders: why are traders going long when implied volatility fell to new all-time lows? What\u2019s driving operators for long exposure while the price trades sideways so much that they are willing to pay a premium? The report stated: We find it somewhat odd that traders are willing to pay such a consistently high rate for long exposure despite such low expectations of volatility. Related Reading: Bitcoin Set To Accelerate As A Store Of Value In Wake Of Bank Collapses, Cathie Wood The above is unclear; it could be traders hedging their positions on the options market could be traders getting ready for an upcoming move as the U.S. Securities and Exchange Commission (SEC) deliberates on the potential approval of a spot Bitcoin Exchange Traded Fund (ETF).<\/p>\n","protected":false},"author":535,"featured_media":544865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,78790],"class_list":["post-544864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\nData Shows: Bitcoin Traders Go Long, Blast Above $30K Looming?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data Shows: Bitcoin Traders Go Long, Blast Above $30K Looming?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-28T17:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:14:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"508\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?\",\"datePublished\":\"2023-07-28T17:00:19+00:00\",\"dateModified\":\"2024-06-11T08:14:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/\"},\"wordCount\":491,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508\",\"keywords\":[\"bitcoin\",\"btc\",\"BTCUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/\",\"url\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/\",\"name\":\"Data Shows: Bitcoin Traders Go Long, Blast Above $30K Looming?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508\",\"datePublished\":\"2023-07-28T17:00:19+00:00\",\"dateModified\":\"2024-06-11T08:14:30+00:00\",\"description\":\"Bitcoin (BTC) continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508\",\"width\":640,\"height\":508,\"caption\":\"Image from: Jonas Frey - Unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/ktsl888.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Data Shows: Bitcoin Traders Go Long, Blast Above $30K Looming?","description":"Bitcoin (BTC) continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/","og_locale":"en_US","og_type":"article","og_title":"Data Shows: Bitcoin Traders Go Long, Blast Above $30K Looming?","og_description":"Bitcoin (BTC) continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks.","og_url":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-07-28T17:00:19+00:00","article_modified_time":"2024-06-11T08:14:30+00:00","og_image":[{"width":640,"height":508,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?","datePublished":"2023-07-28T17:00:19+00:00","dateModified":"2024-06-11T08:14:30+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/"},"wordCount":491,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508","keywords":["bitcoin","btc","BTCUSDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/","url":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/","name":"Data Shows: Bitcoin Traders Go Long, Blast Above $30K Looming?","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508","datePublished":"2023-07-28T17:00:19+00:00","dateModified":"2024-06-11T08:14:30+00:00","description":"Bitcoin (BTC) continues to trade sideways during today\u2019s trading session, holding the line draw for the past few weeks.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508","width":640,"height":508,"caption":"Image from: Jonas Frey - Unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?","url":"http:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusdt"],"dateCreated":"2023-07-28T17:00:19Z","datePublished":"2023-07-28T17:00:19Z","dateModified":"2024-06-11T08:14:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/data-shows-bitcoin-traders-going-long-blast-above-30000-looming\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Bitcoin-BTC-BTCUSDT-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2023-07-28T17:00:19Z\",\"datePublished\":\"2023-07-28T17:00:19Z\",\"dateModified\":\"2024-06-11T08:14:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-1.jpg?fit=640%2C508","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544864"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=544864"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/544865"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=544864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=544864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=544864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}