This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price. 

Many mainstream media outlets perceived the correction as the start of a new bear market but data simply does not support this line of thinking.

Bitcoin price may have corrected 26.5% as if dropped to retest the $30,300 support but it has since shown significant strength amidst a record-high $160 billion in derivatives volume.

BTC futures daily volume, in USD. Source:…

… Continue Reading at: cointelegraph.com [source]