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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

$61,794.75

-1.52%

$61,794.75

-1.52%

(24s)

24h Volume

$29,448,632,901.33

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

-0.0005%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,754.01

▲ 1.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,395.60

Resistance 1$61,781.95

Price$61,754.01

Support 1$61,035.43

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,467.12

Trend:Downtrend

RSI (14):36.3

CoinDesk Staff

(10:43 AM UTC)

1 min read

Approved byMichael Roberts

658 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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