Opinion: Bitcoin Lacks New Catalysts for Significant Increase
Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry seems to be searching for a new catalyst to drive significant price increases. "As traders continue to assess the broader risk backdrop, the market tone remains cautiously optimistic." Bitcoin prices have recently rebounded from their April lows and are currently hovering in the range of $101,000 to $105,000. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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MoreThe "smart money" that went 25x long on ETH after the 1011 flash crash still holds 17,900 ETH long positions, with an unrealized profit of $4.076 million.
Data: After Huang Licheng's liquidation, he continued to open small trial positions. Currently, his ETH and HYPE long positions have an unrealized profit of about $680,000.
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