Cryptocurrency News & Market Updates

Chart Decoder Series: Volume Profile – Where the Market Actually Trades
Chart Decoder Series: Volume Profile – Where the Market Actually Trades

BTC pushed above $79K, breaking out of a two-month range and printing its highest levels since early February. The move didn’t come out of nowhere. Positioning had been building for weeks with institutional demand building through ETF inflows and large players consistently absorbing supply. As price broke higher fuelled by easing geopolitical tension, short positioning was caught offside, accelerating the move through a short squeeze.

Apr 29, 20269 min read