BTC, Slightly Declined on the 27th... Touched $108,000 During Trading
Altcoins Also Declined in Tandem... BTC Futures Market Shows Bullish Bets
Foreign Media "BTC Predicted to Reach $112,000 Based on Indicators"
Bitcoin (BTC) failed to continue its previous day's rise and remained stagnant on the 27th. This was due to a lack of positive news.
Previously, on the 26th, Bitcoin rebounded on news that Trump would defer the 50% tariff on the European Union (EU) until July. However, the rebound did not continue until the 27th, and the cryptocurrency market remained relatively weak.
Bitcoin slightly declined during trading, dropping to $108,000, while most altcoins fell by 1-2%. Only a few coins showed an upward trend.
While Bitcoin remained stagnant, the Bitcoin futures market showed strong bullish bets.
According to Levitas, a Bitcoin derivatives analysis platform, on the 27th, the long betting premium for Bitcoin was around 8%. Last week, as Bitcoin consecutively broke its all-time high, the Bitcoin long betting premium steadily increased, rising from 6.5% on the 26th to 8% on the 27th.
In contrast, the short betting premium for Bitcoin's decline was around 6%.
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