Bitcoin longs bleed 1% daily as BTC leverage persists, price drifts sideways

Bitcoin keeps trading in a relatively tight range in what looks more like a standoff than a directional move. Despite drops below “psychologically important” levels, BTC price has objectively been relatively flat over the past month, but leverage stayed parked, and the cost of carrying it has only gone up. This left the market in The post Bitcoin longs bleed 1% daily as BTC leverage persists, price drifts sideways appeared first on CryptoSlate.