Crypto malaise and bounce-hunting
Crypto sentiment is depressed and engagement is low, but several traders are positioning for a contrarian bounce.
What we know
Kaleo says the timeline is the deadest in a long time, while tradermatt calls falling engagement and a three-month range a recipe for a bounce. Roman_Trading sees bull divergences near support, and Coinbase noted Strategy bought 810 BTC. Meanwhile, memecoin traders complain about Black Bull coin chaos, and Fomo's marketing is criticized as predatory.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.