Bitcoin dip buyers nibble at BTC range lows but are risk off until K becomes support

Bitcoin dip buyers nibble at BTC range lows but are risk off until $90K becomes support

Bitcoin’s realized cap hit a record $872 billion, but slowing growth, profit-taking, and underwater short-term holders suggest the market remains risk-off. Bitcoin’s (BTC) realized market cap reached a new all-time high of $872 billion, but data from Glassnode reflects investors’ lack of enthusiasm at BTC’s current price levels. In a recent X post, the analytics…

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Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally

Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally

A Bitcoin sentiment metric fell to bear market lows this week, but clever counter-traders may interpret this as a risk-on, go-long opportunity for BTC. Bitcoin (BTC) sits in one of its least bullish phases since January 2023. According to Bitcoin’s “bull score index,” investor sentiment is showing its lowest reading in two years.  Bitcoin bull…

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