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BTC futures data shows recent market confidence is hitting rock bottom
Despite significant price volatility over the week, BTC has continued to maintain the range-bound trend it started after the . This week started in the red as fear of China's crypto crackdown intensified — and as a result, BTC lost the 30,000 USDT support level and dropped to as low as 28,808 USDT on Tuesday, as per the . The price has since recovered, however, and the leading digital currency is currently trading around 34,000 USDT levels. Looking at the , we see that the long/short ratio, indicative of general market sentiment, has not recovered since BTC started crashing last week. Similarly, open interest ... (full story)
