Bitcoin Traders Indecisive as Social Volume Shows More Bulls than Bears

07/25 19:10

Bitcoin traders are currently undecided about whether to go bullish or bearish, as the cryptocurrency's price has remained in a narrow range between $29,000 and $30,200 for the past few weeks. However, Santiment's analysis shows that the number of bullish calls outweighs those calling for a price top, indicating that traders are more likely to camp on the bullish side. Additionally, Bitcoin's social dominance is at a healthy level, with the percentage of trader discussions related to Bitcoin still above the healthy zone of discussion rate. The liquidity flow into the market has been relatively modest, with the Open Interest hovering around the same area for a while.

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