Bitcoin Long-to-Short Ratio Shows Pro Traders Cautious Over Fed, Inflation
Key takeaways: Negative Bitcoin funding rates indicate bearishness, yet whales maintain steady long-to-short ratios at major exchanges. Inflation concerns and tech corporate earnings remain the biggest drivers for Bitcoin traders’ sentiment. Bitcoin (BTC) faced rejection at $77,800 on Wednesday, then retested the $76,000 level. This movement followed a correction in the S&P 500 Index as…