Bitcoin’s Comeback: Traders Still Feeling Optimistic
Even after yesterday’s hiccup, Bitcoin’s market cap has swelled past $67,560, proving that many retail traders are still riding the bullish tide.
Binance Insights: Long‑Position Love
- 70.25% of Binance accounts hold net long positions – most traders expect a rally.
- Bitcoin skimmed about 4% down over the last week, but bounced back a modest 1% yesterday.
- In the past 24 hours, $18.85 million worth of long BTC positions were liquidated – the liquidation volume tops that of short trades, yet optimism remains high.
Ethereum’s Surge: Why It’s Looking Up
- ETH leapt more than 3% after massive exchange outflows and a surge in whale buying pressure.
- U.S. CPI for May dipped, and the Fed kept rates steady, adding to the positive sentiment.
- Large withdrawals are now seen as bullish: investors prefer storing their crypto in personal wallets rather than leaving it on exchanges for quick flips.
The Puzzle: Bitcoin Won’t Mirror Ethereum’s Move
Despite the sweeping outflows, Bitcoin’s price remained stubbornly flat, hinting at different market forces at play.
- Institutional players are pulling assets from exchanges — not to sell, but for security and regulatory reasons.
- Advanced custody solutions are increasingly the norm, carving a path toward decentralized finance.
- Bitcoin reserves on exchanges have been shrinking over the past month, a possible long‑term strategy by whales to manage future moves.
Bottom Line for the Market
Short‑term corrections create a buying window, but the broader picture shows a cautious market mood and strategic shifts by big players. Stay alert – the crypto landscape is still on the move.
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