Currently, more than half of BTC is in positive territory.
Last week, there was a large wave of position takeovers, which were closed at a loss. The total recorded loss was $5.4 billion, the highest since March 2023.
However, the situation is not yet critical, as many major players have lower entry points and are closing their positions at zero.
55% of coins are in profit, which indicates that we have not yet found a bottom for the asset and could well move lower. When this indicator drops below 50%, there is a chance for a full-fledged reversal.
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deltapro
· 4h ago
White House Cryptocurrency Advisor Patrick Witt stated that banks shouldn't fear competition from cryptocurrency companies offering clients stablecoin yields. This issue has become one of the main obstacles to the passage of the CLARITY Act, which would regulate cryptocurrency markets.
Currently, more than half of BTC is in positive territory.
Last week, there was a large wave of position takeovers, which were closed at a loss. The total recorded loss was $5.4 billion, the highest since March 2023.
However, the situation is not yet critical, as many major players have lower entry points and are closing their positions at zero.
55% of coins are in profit, which indicates that we have not yet found a bottom for the asset and could well move lower. When this indicator drops below 50%, there is a chance for a full-fledged reversal.
Therefore, I advise against jumping to conclusions and to be extremely careful in trading.
#btc #usdt #ltc #gold #silver. $ETH $GT $XRP