Opening bell | Issue #33 report highlights:
Current Bitcoin analysis suggests a cautious outlook leading up to the U.S. elections. Funding rates remain steady, showing restrained enthusiasm even as Bitcoin nears record highs.
Meanwhile, Bitcoin holders are making fewer exchange moves, which may reduce sell pressure yet also signals trader caution. Correlation with both the S&P 500 and the DXY usually indicates potential short-term downside, given historical trends. Additionally, Ethereum’s performance lagging behind Bitcoin may suggest weakening broader market confidence amidst intensifying Layer-1 competition.
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