1Bitcoiner.com on Nostr: 30 Jul 24 - 🔍 Analyst Ali noted that 55% of Binance Futures accounts are shorting ...
30 Jul 24 - 🔍 Analyst Ali noted that 55% of Binance Futures accounts are shorting Bitcoin, reflecting cautious investor sentiment. After briefly dipping to $64,000 following an Ethereum spot ETF launch, Bitcoin rebounded to $68,850. Former President Trump's pro-Bitcoin policies, including firing SEC Chair Gary Gensler, boosted market optimism, but the predominance of short positions signals expectations of a near-term correction.
Published at
2024-07-30 00:51:46Event JSON
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"content": "30 Jul 24 - 🔍 Analyst Ali noted that 55% of Binance Futures accounts are shorting Bitcoin, reflecting cautious investor sentiment. After briefly dipping to $64,000 following an Ethereum spot ETF launch, Bitcoin rebounded to $68,850. Former President Trump's pro-Bitcoin policies, including firing SEC Chair Gary Gensler, boosted market optimism, but the predominance of short positions signals expectations of a near-term correction.",
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