Short-term sentiment remains in the bearish trend, and price is currently at short-term holder purchase price. The 19k to 22k run we’ve seen earlier this month was driven by retail derivative trading, but the retail derivative bulls are quickly fading (with yesterday closing at similar level compared to July 6th, Binance annualized daily basis decreased from 2.2% to 0.16%).
Bottom’s in? Think Twice.
Bottom’s in? Think Twice.
Bottom’s in? Think Twice.
Short-term sentiment remains in the bearish trend, and price is currently at short-term holder purchase price. The 19k to 22k run we’ve seen earlier this month was driven by retail derivative trading, but the retail derivative bulls are quickly fading (with yesterday closing at similar level compared to July 6th, Binance annualized daily basis decreased from 2.2% to 0.16%).