Bitcoin is seeing some green during this week’s market opening and seems poised to reclaim higher levels in the short term. The number one crypto by market cap experienced some of its worst months in history, but the bulls were able to hold the line at around $15,500. Related Reading: Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30% Now, the macroeconomic outlook is changing and could start supporting further profits for risk-on assets. As of this writing, Bitcoin trades at $17,200 with 2% and 5% profits in the last 24 hours and seven days, respectively. Bitcoin Market Is Getting Back To Normal Data from crypto derivatives exchange Deribit indicates a shift in market sentiment. Participants are more optimistic about Bitcoin after the collapse of the crypto exchange FTX and the fall from the grace of its co-founder and former CEO Sam Bankman-Fried. This event pushed Bitcoin to a new yearly low and back to its 2020 levels. As seen in the chart below, the BTC Open Interest Weighted Annualized Basis shows that the prices of options contr ..
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