✉news BusinessCrypto first seen 22 h ago, last 20 h ago, peak #31
Bitcoin bulls could deepen the next selloff, analysts warn
Original: Bitcoin’s next selloff could be amplified by the traders still betting on its recovery
Crypto analysts are warning that Bitcoin's next downturn could be worse than expected because of traders still betting on a recovery. Positions built around hopes of a rebound could be forced to unwind if prices fall further, amplifying the selling pressure. The warning comes as markets weigh how much optimistic positioning remains in the cryptocurrency.
Why now: Concerns are growing that crowded recovery bets could accelerate losses if Bitcoin drops again.
Evidence
- Bitcoin’s next selloff could be amplified by the traders still betting on its recovery · CryptoSlate
API: https://socialmediatrends-api.osmike.com/v1/trends/3029870