The Crypto Fear and Greed Index remains pinned in the ‘extreme fear’ zone, but Bitcoin’s lengthy consolidation phase above the $60,000 support may be a positive sign.
Bitcoin rallied to $68,000 as markets responded positively to the prospect of the US and Israel-Iran war ending, but data shows futures traders are not convinced.
Futures market activity continues to drive Bitcoin price, while insufficient buy-side spot demand shortens the length of bullish breakouts and pins BTC in a $10,000 range.