#TradingCommunity Bitcoin resists the escalation of conflict in the Middle East, uncertainty surrounding global macroeconomic stability has led many market participants to adopt a risk-averse approach, with the currency showing signs of vulnerability as the second quarter approaches its end.

With the currency struggling to gain momentum around the price mark of $103,000, Bitcoin futures traders have increasingly positioned themselves against the currency.

According to Coinglass, the long/short ratio of the currency — a key measure of trader sentiment — has been strongly leaning towards shorts since June 17, indicating a growing belief that the recent BTC rally may be losing strength. At the time of publication, the ratio is 0.95, indicating that more traders are betting against the altcoin.

•Summary

Geopolitical tensions and macroeconomic uncertainty lead to bearish sentiment and Bitcoin's struggle to maintain upward momentum.

Futures traders of $BTC are increasingly betting against the currency.

Bitcoin price hits a two-week low of $102,345.

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