Bitcoin traders show ‘aggressive caution’ heading into typically low-volume Easter period: K33
The Block
K33 reports that Bitcoin traders are adopting defensive positions and increasing short exposure ahead of the historically low-volume Easter holiday period.Summary
Research firm K33 reports that Bitcoin traders are exhibiting "aggressive caution" due to recent price weakness, geopolitical uncertainty, and concerns regarding quantum computing. This defensive stance is evidenced by a significant rise in leveraged short Bitcoin ETF exposure. Despite this bearish sentiment, K33 notes that persistent negative funding rates may indicate the market is reaching a bottoming phase. Historically, the Easter period experiences reduced trading volume and volatility, a trend expected to continue as liquidity thins during the upcoming holidays.
(Source：The Block)