Mt. Gox repayments test and German BTC sell-off: Bitcoin still bullish?

2024-7-4 17:10

Bitcoin has experienced a stark correction in the last 24 hours, sparking fear in the market. Could the possible short-squeeze scenario reignite the bullish flames? In June 2024, the defunct Bitcoin (BTC) exchange Mt. Gox announced a major move that…

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Bitcoin (BTC) на Currencies.ru

$ 98512.15 (+0.03%)
Объем 24H $67.798b
Изменеия 24h: 0.01 %, 7d: 7.92 %
Cегодня L: $98439.13 - H: $99414.82
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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00