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Twin Peaks: Comparing The Two 2021 Bitcoin Tops

Speculation has been going on in the crypto community as to whether the $69k Bitcoin top was the peak of this bull run. Here’s a comparison between some indicators to see how this top compares with the $65k April peak.

Comparing the Metrics Between The Nov 10th And April 14th Peaks

As per the latest weekly report from Arcane Research, most of the sentiment measuring metrics highlight the differences between the two tops.

The first relevant metric is the futures open interest indicator, which shows the total amount of Bitcoin involved in futures contracts at the end of a trading day.

Here is how its chart compares between the April and November peaks:

NEWSBTC
    

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