Kraken: Risk aversion persists, crypto traders are buying Bitcoin on dips
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Odaily reported that Kraken's derivatives chief Alexia Theodorou said that as Bitcoin price fell to a three-month low, cryptocurrency traders are buying Bitcoin on Kraken. As Nasdaq futures show Wall Street's risk-averse sentiment persists, and the yen, a safe-haven currency, remains strong against the dollar and growth-sensitive commodity currencies like the Australian dollar, Bitcoin has fallen below $88,000. Due to buy-the-dips buyers purchasing Bitcoin on Kraken, the long/short ratio has risen to a historic high of around 0.8, and open interest has reached a four-week high, indicating traders may expect a rebound and buy the dips. (CoinDesk)
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