Market Wrap: Long-Term Bitcoin Holders Trim Positions as Rally Stalls

Posted on by American Coins & Gold

Market Wrap: Long-Term Bitcoin Holders Trim Positions as Rally Stalls
Bitcoin traded in a tight range on Tuesday as extreme bullish sentiment appears to be cooling. The cryptocurrency was trading at around $62,000 at press time and is roughly flat over the past 24 hours.The bitcoin Fear & Greed Index is starting to decline from its highest level in more than seven months, which suggests buyers are starting to take some profits after a nearly 45% rise in BTC’s price over the past month.In the bitcoin futures market, leveraged funds on the Chicago Mercantile Exchange (CME) raised their bets against bitcoin rising to a record high in the week ended…