Bitcoin Rebounds Past $77K — But Caution Flags Are Flying
Bitcoin bounced back above $77,000 on Wednesday, but falling futures open interest and mixed altcoin performances suggest traders are reducing risk rather than chasing the rally. (CoinDesk) Meanwhile, margin longs on Bitfinex climbed to a two-and-a-half year high (CoinDesk) as bulls eye a clean break past the $78K resistance level. Analysts are divided on whether this bounce has real legs or is just a technical dead-cat bounce.
💬 "Green candles are nice, but the derivatives market is screaming caution. Watch that $78K ceiling."
BTC
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