
Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap?
Over the past two weeks, Bitcoin (BTC) has dropped more than 7%, falling from around $117,400 on August 21 to a low of $108,666 earlier today. Despite the bearish slide, some encouraging exchange data suggests improving sentiment. However, analysts warn this could once again be a setup for institutions to trap retail buyers. Bitcoin Sentiment Improves, But Maintain Caution According to a CryptoQuant Quicktake post by contributor BorisD, the Binance vs. Other Exchanges BTC Volume Delta turned positive on August 25, registering $676 million. This indicates that Binance users have shifted....
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Bitcoin’s (BTC) recent volatility has unsettled investors, as the largest cryptocurrency by market cap slid by more than five percent over the last two weeks. However, two key on-chain factors indicate that the BTC market structure is largely resilient. Bitcoin Remains Strong Despite Volatility According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, two important on-chain indicators suggest that despite the recent slump in price, the overall market structure remains strong for the flagship cryptocurrency. Related Reading: Bitcoin Sentiment On Binance Turns Bullish –....
After experiencing a notable surge in its price above the $105,000 mark, Bitcoin’s market dynamics are showing bullish momentum for continued growth. BTC’s renewed strength is also observed among key metrics such as the Spot Net Volume Delta, which has recently flipped into positive territory. Binance Bitcoin Spot Volume Shows Strength Bitcoin’s bullish performance is […]
A fresh snapshot of Binance’s futures market data shows Dogecoin attracting a remarkably bullish stance among traders. According to a chart shared by Ali Martinez (@ali_charts) on X, 72.13% of Binance users with open Dogecoin positions are currently long, leaving only 27.87% on the short side. “72.13% of traders on Binance with open Dogecoin DOGE positions are currently long!” Martinez wrote, underscoring just how skewed sentiment is toward an upward price move. What Does This Mean For Dogecoin Price? What does such a strong majority of longs actually mean for Dogecoin’s outlook? In many....