Bitcoin trend reversal to $118K or another drop to $105K: Which comes first?
Bitcoin traders have been buying all the dips but BTC is still stuck in a downtrend. Here’s why.
Key takeaways:
Retail traders are aggressively buying BTC price dips in spot and futures markets, but net selling from larger order investors is preventing a robust price recovery.
Risk of another liquidation cascade to $105,000 seems less likely, but investor sentiment is misaligned with the trend seen in assorted cumulative volume data cohorts.