Bearish sentiment may soon abate according to Coinshares and Bitcoin metrics

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The tides could be turning! According to Coinshares, a Bitcoin breakout is on the horizon, declaring the bearish sentiment to be over.

a third consecutive month of extreme fear, it will be the second time to do so in the metric’s existence.

Traders are also trepidatious. According to Arcane Research, the seven-day average real BTC trading volume sits at $3.4 billion. It’s the lowest figure since July 2021, remembered as the trough ofInvestors and spectators in the space will remember that following that moment, from August to October 2021, the BTC price swelled by more than 60%,

 

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