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2024-06-07 21:01:02

Are Bitcoin traders losing hope? Top traders' metric hits two-week low

Are Bitcoin traders losing hope? Top traders' metric hits two-week low


Bitcoin (BTC) briefly flirted with the $72,000 resistance on June 7, but its intraday gains quickly evaporated, sending the cryptocurrency down to $69,000. More concerningly, two indicators, including exchanges' top traders long-to-short metric, suggest
that Bitcoin investors are becoming less optimistic. Is the Bitcoin bull market over, at least for the short term?

https://cointelegraph.com/news/are-bitcoin-traders-losing-hope-top-traders-metric-hits-two-week-low
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