Markets· ★★★· neutral·

Bitfinex: bitcoin stuck in 5.5% range for 24 days, seller risk ratio falls to 7 bps

  • —Bitcoin's seller risk ratio has fallen to 7 bps — the lowest in a year
  • —About 840,000 BTC has a cost basis within the current range
  • —$1.95 billion of shorts risk liquidation at $82,000
  • —Longs are concentrated in the $75,000-$76,000 zone
Why it matters: The direction of the breakout from the range depends on Fed signals on September 15-16, real rates and energy prices.
#BTC
Source: TokenPost
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