BTC traders brace for sideways action as optimism wanes thanks to...

2023-10-24 08:30

Traders reduced risk exposure as Bitcoin's price stabilized. Supply constraints and hodler sentiment may amplify Bitcoin's upward movements. In the wake of Bitcoin[BTC]'s recent price surge,The post BTC traders brace for sideways action as optimism wanes thanks to... appeared first on AMBCrypto.

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Bitcoin (BTC) на Currencies.ru

$ 89856.57 (+0.10%)
Объем 24H $117.229b
Изменеия 24h: 4.14 %, 7d: 20.32 %
Cегодня L: $88564.71 - H: $90574.88
Капитализация $1778.827b Rank 1
Цена в час новости $ 33883.63 (165.19%)

bitcoin btc traders price wanes thanks sideways

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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