Santiment analysts write that calls to “buy the bottom” and discussions of the BTC bull market have fallen among traders.
- “Cryptocurrency trading volume has fallen to January levels as traders fear making the wrong moves,”
- February 21-27: BTC trading volume: 83.23 billion (15-month high),
- April 17-23: BTC trading volume: 30.27 billion (64% drop compared to February).
Let’s add from ourselves that it’s surprising that the range in the range of $60,000-$73,700 was enough for this. Although, if you consider that this range lasts for 2 whole months (!), it’s not so surprising.
Traders have entered a period of hesitant trading sentiment.
Proponents of the idea of BTC at $40,000-50,000 may, of course, be right. The market is about probabilities. But is the current mood of the crowd the mood for a dump?
