Bitcoin’s $66K Rally May Not Last, Says CryptoQuant: Here’s Why
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Livebitcoinnews - are covering this story. TL;DR Bitcoin climbed above $66,000 mainly on rising leveraged positions, while spot demand remained weak, according to CryptoQuant data. Institutional interest continues through U.S. spot Bitcoin ETFs, but inflows have not yet translated i…
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Bitcoin’s $66K Breakout May Be a Bull Trap, Warns CryptoQuant — Here’s Why
TL;DR Bitcoin climbed above $66,000 mainly on rising leveraged positions, while spot demand remained weak, according to CryptoQuant data. Institutional interest continues through U.S. spot Bitcoin ETFs, but inflows have not yet translated i…
Bitcoin’s $66K Rally May Not Last, Says CryptoQuant: Here’s Why
Bitcoin surged past $66K on rising leverage, not real spot demand, as CryptoQuant flags thin volume behind the fragile price gain. Bitcoin climbed from roughly $64,000 to $66,000 within two days, but the rebound may not stand on firm ground…