Home BlockchainBitcoin Top Traders Hold Tight Despite 14% Price Recovery

Bitcoin Top Traders Hold Tight Despite 14% Price Recovery

by CoinTelegraph
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Key takeaways:

  • The Bitcoin long-to-short indicator at Binance hit a 30-day low, signaling a sharp decline in bullish leverage demand.

  • US-listed Bitcoin exchange-traded funds reversed a negative trend with $516 million in net inflows following a period of heavy liquidations.

Bitcoin (BTC) has fluctuated within a tight 8% range over the last four days, consolidating near $69,000 after an abrupt slide to $60,130 on Friday. Traders are currently grappling with the primary catalysts for this correction,…

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