has inspired hope amidst holders and traders alike as its price reclaimed the $64,000 levels. Over the last 24 hours, BTC has remained close to this level and has not fluctuated much.This stability is accompanied by good news from the derivatives market, which is exhibiting signs of health.
Adding to the positive sentiment is the fact that Open Interest as a percentage of market cap has fallen below 2%. Lower leverage can be seen as a sign of reduced risk, which is generally positive for the long-term health of BTC.However, traders skewed more towards the skeptical side when it came to BTC. Coinglass’ data indicated that the percentage of short positions taken against BTC were much higher than the long positions being taken.in the last 24 hours. However, the volume at which BTC was trading at had decreased by 11.18% during this period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) vs. Memecoins: Navigating the Bitcoin (BTC) (BTC) Investment LandscapeOne such memecoin that has garnered significant attention is Shiba Budz (BUDZ). Introduced as a playful spin-off of the Dogecoin phenomenon..
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin (BTC): BTC Breaks $70k As New BUDZ Cryptocurrency Joins Market RallyMilestones are not uncommon, but some are more significant than others. Recently, Bitcoin (BTC) achieved a remarkable feat by soaring...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin miners refuse to sell: A strategy to uphold BTC prices?Despite market volatility, Bitcoin miners persist in holding onto their BTC. Will BTC miners help Bitcoin see green?
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin liquidation drops but BTC holds at $60KThe surge in Bitcoin liquidation has calmed in the last few days as its price bounced back and maintained the $60,000 price region.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: Here’s how long you should wait for BTC’s rally to $71KSeveral speculated a fresh bull rally for Bitcoin [BTC] as its price gained upward momentum since the 3rd of May
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: Will short-term holders cause problems for BTC’s price?Bitcoin recorded a notable decline in price in recent days, slipping below the average cost basis of short-term holders...
Source: CryptoAmb - 🏆 22. / 68 Read more »