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via CoinDesk · By CoinDesk Staff
Bitcoin analysis: BTC's recent rally past $80,000 lacked Coinbase premium
BTC
BTC/USDT
$63,140.05
+0.13%
$63,140.05
+0.13%
(24s)24h Volume
$2,813,591,139.85
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.7%
Long: 68.7%Short: 31.3%
Funding Rate
+0.0043%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(11:36 AM UTC)
1 min read
Bitcoin’s recent $80,000 breakout was led by something other than U.S. spot buyers, data show
The rally was led by leveraged traders and not U.S.-based spot buyers. Hence, its. sustainability is being questioned.
Bitcoin's BTC$79,550.57 recent rise above $80,000 was led by leveraged trades and lacked strong participation from the U.S.-based investor pool, which typically plays a key role in…
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