Analyst: Bitcoin Falls Below $60,000, But Institutions and Large Holders Are Not Continuing to Bet on Decline
According to Odaily, Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly settlement. Bitcoin has fallen below $60,000, and from the Gex chart it is clear that $60,000 is the largest position, but at the same time, there is also significant accumulation at $58,000 and $59,000. The market's risk is building up; institutions and large holders have not continued to bet on a further decline, but are merely waiting for settlement."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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