Bitcoin Upward Trend ‘Fragile’ As Spot Market Volume Drops — A Cause For Alarm? ⚠️
Bitcoin's recent bullish momentum has led to a new all-time high, instilling positive market sentiments. However, on-chain data indicates caution as spot market activity decreases while futures trading on Binance sees a notable increase.
This trend suggests a rise in speculative trading, with investors motivated more by short-term gains than long-term commitments. Analyst Darkfost warns this fragility could enhance volatility, urging caution in investment decisions.
The Bitcoin price remains around $107,770, a slight increase over the last 24 hours, with a seven-day rise of over 4%.
Source: www.newsbtc.com ↗
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