BTC price is still hovering in the range of $60,800 to $64,500, but there are two positive signs in the market:
- The CEX chip tendency indicator shows that short-selling expectations have weakened significantly, and prices have begun to show signs of rebound (as shown in the figure).
- Coinbase’s premium level remains stable relative to Binance.
These signals indicate that price action is diverging from market sentiment, and smart money is buying excellent assets. The short-term price correction may be coming to an end, and trading opportunities should focus on Altcoins that have triggered oversold conditions.
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