- Support area at $95k, where a high number of traders entered, led to uptrends upon retests
- Net volume of Taker orders shrunk to a minimum as Funding Rate stayed consistently positive
Bitcoin’s (BTC ($97,633.87)) trading activity highlighted a heightened participation ratio, one that signaled $95,000 as a key support area. Here’s where a significant influx of traders entered the market.
This zone consistently led to an upside on the charts after retests, confirming its role as a strong support level. At the time of writing, Bitcoin was valued at around $97,505 following marginal gains of +0.19%.
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