#Bitcoin: Spot traders continue to sell, led by the #Coinbase platform that institutions like BlackRock rely on.
Despite their attempts to defend the $80,000 bottom and buy from those areas, these efforts have failed, and they have currently returned to selling again.
Any rise or rebound towards $94,000 has not been sustainable, as it resulted from manipulation by futures traders without genuine demand from the spot market.
The current price range is likely to not hold for long, and may only be suitable for quick speculations with a strict loss stop.
There are still no confirmed signals of a bottom formation, and the bearish trend remains dominant.
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