BTC Traders' Margin -17%, Lowest Since FTX Crash

IconCryptoNewsTerminal Staff05 Jul, 2024

cryptonews.jpg

BTC Traders' Margin -17%, Lowest Since FTX Crash

Traders in Bitcoin are currently experiencing a loss of 17% in their margins, which is the lowest level since the FTX collapse in November 2022. CryptoQuant's lead analyst, Julio Moreno, made this observation on [date of observation]. According to Moreno, the only time Bitcoin traders lose money is when they sell. This margin ratio implies that traders are hesitant to sell their holdings despite the current market conditions, possibly anticipating a market recovery or expecting further price declines.