Bitcoin Leveraged Traders Are Back Betting On A Price Decline — What This Means
The price of Bitcoin has been in a good recovery form since succumbing to the bearish pressure from the ongoing feud between United States President Donald Trump and Elon Musk. The premier cryptocurrency climbed above the $105,000 mark in the early hours of Saturday, June 7. According to the latest on-chain data, the Bitcoin price looks set to continue its upward trajectory over the next few days. What Negative Leveraged Traders’ Sentiment Means For Price In a new post on the X platform, data analytics firm Alphractal shared fresh on-chain insights into the recent movement of the Bitcoin....
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Bitcoin price has climbed back above $400 and 2700 CNY. Whether this is a new wave of advance, or merely a correction prior to more decline remains to be seen. It is within the realm of possibility that the market trade price all the way back to where this decline started last week. More likely, is that the market contest price at current levels, thereby forming either a corrective pattern setting up additional decline or a new base for advance. However, there is not yet a resolution about the looming hardfork, so negative feeling may persist and decline eventually resume. Bitcoin price....
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Leveraged traders betting on a price recovery got hit hardest when the Sui blockchain went down for the third time in under 48 hours. Data from CoinGlass shows that long positions accounted for $1.72 million of the $1.88 million in SUI liquidations recorded during the latest disruption. Related Reading: $10M In Bitcoin: Texas Breaks From […]
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