Bitcoin's $71k Rally Faces Underlying Structural Problems Amid Fading Spot Activity
Bitcoin's $71k Rally Faces Underlying Structural Problems Amid Fading Spot Activity
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Despite Bitcoin's price hovering near $71,000, well off its previous highs, underlying market data suggests structural issues. Spot trading activity is reportedly fading, while derivatives continue to see increased action, signaling potential instability for the rally.
Bitcoin's $71k Rally Faces Underlying Structural Problems
Bitcoin entered the weekend hovering near $71,000, well off the previous week's spike above $74,000, but far below the highs it touched at the beginning of the year. On price alone, the market looks pretty composed. However, underneath, its structure looks much less comfortable. Data shows spot activity fading while derivatives keep doing more of […]