Bitcoin bounces off 21-month low, but leverage data signals caution: Was $57K the bottom?
CoinTelegraph·
60-second summary
Bitcoin is currently bouncing off its 21-month low, reclaiming the $60,000 level as bulls take steps to stabilize the market. However, leverage data signals caution, suggesting that the bounce may be short-lived. This raises questions about whether $57,000 was indeed the bottom, potentially setting the stage for further volatility in the market.
Bitcoin found its footing after bulls took steps to reclaim the $60,000 level, but data casts doubt on whether it will flip back to support.