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Bitcoin Bulls Scale Back Leveraged Bets, Post-Halving Demand Cools

Bitcoin Bulls Scale Back Leveraged Bets, Post-Halving Demand Cools WikiBit 2024-04-26 03:01

Bitcoin traders have significantly decreased their bullish bets on the cryptocurrency, evident from

Bitcoin traders have significantly decreased their bullish bets on the cryptocurrency, evident from the negative Bitcoin funding rate. This negative rate, observed for the first time since October 2023, points towards a notable decline in demand for Bitcoin futures contracts.

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