Bitcoin (BTC) may be holding above $90,000, but data implied that its price is still flashing a significant risk-off signal. CryptoQuant’s multi-metric risk-off oscillator remained near the “High-Risk” zone, a level that historically precedes corrections and diminishes the probability of a sustained bullish trend.
Key takeaways:
-
Bitcoin’s risk-off signal was positioned near “High-Risk” territory, which has previously indicated a bearish period.
-
BTC’s Profit–Loss sentiment has…
Read the full article here
