Bitcoin’s Futures Sentiment Weakens, Is The Ongoing Recovery Running Out of Steam? 📉
Bitcoin's momentum appears to be slowing after a recent recovery, with prices retreating slightly after reaching close to $86,000, now hovering above $84,000. Despite the 10% rise over the past week, futures sentiment hasn't kept pace with the price surge, signaling caution among derivative traders.
CryptoQuant's abramchart notes this divergence may reflect growing uncertainty or a shift in investor behavior. The futures sentiment index, once peaking, is declining near support zones, indicating increased bearish sentiment despite high prices.
In contrast, Binance derivatives show signs of renewed optimism, with activity shifting towards bullish territory. The taker buy/sell ratio on Binance suggests a return of short-term momentum favoring bulls, yet broader market dynamics remain uncertain.
Source: www.newsbtc.com ↗
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