Post
Zǐháo (子豪
)
Is this really a market recovery, or just a short squeeze?
$BTC is back above $80K, while $ETH has gained 7% in a day. Everyone is calling it a bottom, but the volume tells a different story.
Prices are rising, yet trading volume remains weak. This suggests short sellers are being forced to close positions rather than fresh money entering the market.
A short squeeze can push prices up quickly, but without strong volume, the rally may not last.
Don't get fooled by green candles.
#DailyOrbit
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Trending crypto
BTC/USDTBitcoin
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Today’s market buzz
1#BTC fell below $75,000 before the US October CPI release
2#AI stocks pull back: UBS says position reset, Bank of England warns of crash risk
3#Trump says the possibility of a large-scale strike on Iran is low, oil prices plummet
