Bitcoin has recently staged a significant 14% recovery, bouncing back from its recent local lows and sparking hope among retail investors for a renewed bull run. However, professional and top-tier traders are notably absent from this bullish sentiment. Despite the price appreciation, several key factors are keeping the “smart money” cautious. Firstly, the macroeconomic landscape remains highly volatile, with upcoming inflation data and Federal Reserve policy decisions looming over risk assets, creating a “wait-and-see” environment. Secondly, market analysts point out that the recent price surge occurred on relatively low trading volume, suggesting a lack of institutional conviction and the potential for a “dead cat bounce” rather than a structural trend reversal. Furthermore, derivatives data shows that the long-to-short ratio among top traders on major exchanges remains balanced or slightly bearish, indicating that whales are hedging their positions rather than betting on a sustained breakout. Until Bitcoin can decisively break through key resistance levels with supporting volume and clearer regulatory or economic tailwinds, the market’s most experienced players appear content to remain on the sidelines or maintain neutral stances.
Source: Top Bitcoin traders refuse to turn bullish despite BTC’s 14% rebound: Here’s why
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