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short-term buying
Bitcoin's Drop on Thursday Spurred Panic Sales Among Short-Term Holders: Van Straten
Over $2 billion worth of bitcoin was sent to exchanges at a loss on Thursday, the most since August's yen carry trade unwind, as bitcoin fell below $70,000.
Videos
Bitcoin Slides Below $38K Ahead of Seasonally Strong February
Historically, bitcoin produces positive returns in February, which could offer some hope for bullish traders. Technical indicators suggest short-term buyers could remain active around the $35,000-$37,000 support zone, although upside appears to be limited toward $45,000. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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