Bitcoin analysts stay cool on BTC price outlook as GBTC gains begin to disappear.
Bitcoin managed $28,143 on Bitstamp — its highest in almost two weeks — before returning to consolidate lower.
Despite funding rates remaining fairly neutral, there was a clear absence of genuine buyer interest on spot markets. “However, it is difficult to see that the spot exchange led the price increase when the BTC price rose yesterday. The reason is that the 'Trading Volume Ratio ' shows that it has decreased rather than increased.”Additional data showed trading volumes still below those seen during upticks earlier in 2023.
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