Key Bitcoin value metric exhibits professional merchants are nervous about $19K BTC

This week (BTC) value rallied to a brand new 3 12 months excessive at $18,965, main traders to consider a brand new all-time excessive above $20,000 is on the playing cards.

Whereas these are thrilling occasions, knowledge does present that some skilled traders really feel antsy in regards to the value at these ranges and the absence of retail FOMO has some calling for a pointy pullback.

Bitcoin value (USD) at Bitstamp. Supply: TradingView
BTC 3-month futures contract premium, January 2020. Supply: Skew
BTC 3-month futures contract premium. Supply: Skew
Huobi BTC high merchants long-to-short ratio. Supply: Huobi
Binance BTC high merchants long-to-short ratio. Supply: Binance