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via CoinDesk · By CoinDesk Staff

Bitcoin recovers to $77,400, but futures data hints traders are cutting exposure

BTC

BTC/USDT

$79,963.61

+0.45%

$79,963.61

+0.45%

(24s)

24h Volume

$7,148,212,095.58

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,906.19

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,906.19

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

CoinDesk Staff

(10:43 AM UTC)

1 min read

Approved byMichael Roberts

0 comments

Bitcoin holds near $77,400 as derivatives signal caution

Crypto markets flashed green on Wednesday, but falling futures open interest and mixed altcoin performances suggest traders are reducing risk rather than chasing the rebound.

Bitcoin price (CoinDesk Data)

What to know:

Bitcoin gained 0.7% to $77,400 even as open interest in the cryptocurrency's futures fell, hinting that traders are trimming…

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Source

CoinDesk Staff · CoinDesk

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