Pro traders are mildly skeptical about Bitcoin’s recent return to $50K
Cointelegraph
Published Aug 23, 2021 04:45PM ET
Updated Aug 23, 2021 06:20PM ET
The price of Bitcoin (BTC) is back at the $50,000 level, and there's little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval.
Despite the positive newsflow, the top traders at crypto exchanges and derivatives data appear unmoved by the recent rally to the $50,000 resistance.
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Written By: Cointelegraph
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