✅ Bitcoin’s Strong Recovery Being Driven by Leverage Long Positions, These Metrics Suggest – Where Next for the BTC Price?
✳️ The Bitcoin (BTC) price has experienced a rollercoaster in terms of price action in the last two days.
The price was sent tumbling from the upper $26,000s to the mid-$25,000s on Monday after the US Securities and Exchange Commission (SEC) announced it is suing Binance over acting as an unregistered securities exchange and over the mismanagement of customer funds.
Prices then saw a short-lived blip lower to sub-$25,500 levels early on Monday after the SEC announced that it is also going after Coinbase with similar charges, before charging higher during the US trading session.
