Bitcoin’s drop to below $50,000 on Aug. 5 marked the largest drawdown in the current cycle, resulting in substantial profit losses and liquidations. And while BTC has shown solid signs of recovery since then, consolidating around $60,000, the market still remains cautious as it recently dipped below this psychological support. This cautiousness is best seen […]
![Bitcoin market cautious as longs and shorts balance out](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/08/bitcoin-derivatives.jpg&w=70&h=37&q=75)
Bitcoin market cautious as longs and shorts balance out
Stable long/short ratios in futures suggest balanced market sentiment as Bitcoin holds at $60,000.
![Bitcoin market cautious as longs and shorts balance out](https://cryptoslate.com/wp-content/uploads/2024/08/bitcoin-derivatives-768x403.jpg)
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