2 Bitcoin price indicators suggest BTC has not bottomed yet

Cointelegraph

Published May 30, 2021 04:00PM ET

Updated May 30, 2021 05:40PM ET

Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious.

Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in store.

Bitcoin 30-day options 25% delta skew. Source: laevitas.ch
Active supply that transacted at least once in the trailing 30 days. Source: CoinMetrics

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