
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.
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Riot Platforms purchases an additional 1 million shares in Bitfarms, increasing its stake to 18.9% amid ongoing tensions.

Long-term holders are especially accumulating more Bitcoin, following four months of divesting their holdings after the all-time high.

The flagship crypto was still up 3.75% over the past 24 hours and trading at $60,770 as of press time,

Earlier today, Bitcoin wallet linked to BitGo executed test transactions that triggeed repayment hopes.

Bitcoin miners are feeling the pressure as the post-halving downturn gets exacerbated by price drops.

Market obsevrers said the leadership overhaul at Bitfarms is in response to Riot's aggressive bids.



