“The crowd is mainly fearful or disinterested toward Bitcoin,” the firm said in an X post Friday. “This extended level of FUD is rare, as traders continue to capitulate,” they added. “BTC trader fatigue, combined with whale accumulation, generally leads to bounces that reward the patient.”
Related posts
-
NFT Sales Climb 4.87% as Ethereum and Bitcoin Collectibles Dominate
NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach... -
Bitcoin ETFs hit $1b weekly inflows: A FOMO-driven rally?
Liquidity flowing into spot Bitcoin exchange-traded funds, or ETFs, surpassed $1 billion this week as analysts... -
Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why
Bitcoin has shown bullish momentum during the past day, but an analyst has pointed out how...