BTC at $31,000: All about the caveat to this latest bullish stride

However, BTC’s long/short ratio tipped in favor of short traders.

With BTC crossing the $31k mark, crypto advisor Will Clemete took to Twitter to share his thoughts about the same. TheIs your portfolio green? , BTC’s NUPL value reached the ‘Optimism’ zone as of 3 July. Furthermore, the NUPL value also witnessed an increase recently.NUPL value indicates that traders are profitable, the market is overripe, and investors have a certain amount of belief in the cryptocurrency. This could be taken as a bullish sign for BTC, especially around its price action in the coming days.price action on the daily timeframe, it could be seen that BTC started the day at $30,633. However, surging by 2.

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