Bitcoin designate is down, however records indicators that $30K and above is the direction of least resistance

Bitcoin designate is down, but recordsdata signals that $30K and above is the route of least resistance

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On July 24, Bitcoin skilled a flash atomize, plummeting to $29,000 in a circulate now attributed to critical Bitcoin holders doubtlessly liquidating their positions.

Amid the atomize and market uncertainty, Bitcoin’s (BTC) three main trading metrics continue to mission a bullish outlook, signifying that skilled traders get no longer diminished their leverage longs via the utilization of margin and derivatives.

<em><span class="aqPopupWrapper js-hover-me-wrapper"><a href="" id="64c0e0ce81f74" class="aqlink js-hover-me" hoverme="aql" data-pairid="8827">U.S. Buck Index</a></span> (DXY). Source: TradingView</em>
<em>OKX stablecoin/BTC margin lending ratio. Source: OKX</em>
<em>Bitcoin 2-month futures annualized top class. Source: Laevitas</em>
<em>Bitcoin 30-day alternatives 25% delta skew. Source: Laevitas</em>

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