Bitcoin shows strength at $92K, but is the bottom in?

Bitcoin shows strength at $92K, but is the bottom in?

Bitcoin is holding above $92,000, but spot ETF outflows and rising geopolitical tensions threaten to weaken the resistance. Will traders pile into the dip?

Key takeaways:

The BTC futures premium held near 5%, showing leverage demand was not impacted after the failed $98,000 breakout attempt.

Bitcoin ETFs saw $395 million outflows as gold hit new records, weakening hedge appeal and pushing traders to price downside risk.

Read more

Source Link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.