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via CoinDesk · By CoinDesk Staff
Bitcoin price analysis: BTC likely bottomed at $60K amid milder bear market, K33 Research says
BTC
BTC/USDT
$63,260.01
+0.26%
$63,260.01
+0.26%
(24s)24h Volume
$2,696,607,214.33
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.5%
Long: 68.5%Short: 31.5%
Funding Rate
+0.0042%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(08:30 PM UTC)
1 min read
This bitcoin bear market is different with 'uniquely pessimistic' traders limiting downside, K33 says
The research firm said bitcoin traders remain unusually defensive, reducing the risk of the kind of leverage-driven collapse seen in prior downturns.
Bitcoin BTC$76,865.88 failing to break above its key moving average around $83,000 sparked renewed fears that another brutal leg lower is coming.
But…
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