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via CoinDesk · By CoinDesk Staff

Bitcoin isn't crashing because of Saylor, it's losing the momentum trade

BTC

BTC/USDT

$62,988.90

-0.05%

$62,988.90

-0.05%

(24s)

24h Volume

$2,180,646,316.88

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,072.43

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,882.62

Resistance 1$63,121.09

Price$63,072.43

Support 1$62,928.14

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

CoinDesk Staff

(06:48 PM UTC)

1 min read

Updated byJames Mitchell

0 comments

Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles Schwab's Jim Ferraioli.

Bitcoin's BTC$66,924.57 recent struggles to rise in tandem with U.S. stocks has sparked a wave of explanations, from concerns about Michael Saylor's Strategy (MSTR) selling bitcoin to questions about…

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Source

CoinDesk Staff · CoinDesk

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