Bitcoin near $75k after six red weeks
Traders say range lows have been swept with BTC around $75k. Some point to easing hedge fund shorts and Coinbase buying as early stabilization signs.
What we know
Roman notes six straight red weeks and blames the Binance hack and midterm volatility. Daan says the range lows are swept. An account on X wants a reclaim of $76.5k or a buy near $68k. Relayed data shows hedge fund shorts shrinking and Coinbase buying. The bearish counterpoint comes from another account on X, who says crypto has no new bullish narrative.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.