{"id":127315,"date":"2023-07-25T19:20:00","date_gmt":"2023-07-25T19:20:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/greed-or-fear-heres-where-bitcoin-traders-have-pitched-their-tents-crypto-news\/"},"modified":"2023-07-25T19:20:04","modified_gmt":"2023-07-25T19:20:04","slug":"greed-or-fear-heres-where-bitcoin-traders-have-pitched-their-tents-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/greed-or-fear-heres-where-bitcoin-traders-have-pitched-their-tents-crypto-news\/","title":{"rendered":"Greed or fear?  Here&#8217;s where Bitcoin traders have pitched their tents\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\t\t\t\t\t\t<br style=\"clear: both; display: block; float: none;\"\/><\/p>\n<ul>\n<li><em>The traders&#8217; discussion about Bitcoin was at a healthy level.<\/em><\/li>\n<li><em>Liquidity flowing into the futures market has been relatively modest.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For the past few weeks, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/bitcoin\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400;\">  has been trading around $30,200 and a little below $29,000.  With its price in a narrow range, it is not uncommon to find BTC traders tangled between going bullish or succumbing to the bearish side.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">read <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Bitcoin&#8217;s [BTC] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\">  2023-2024<\/span><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Interestingly, Santiment&#8217;s 25 July <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.santiment.net\/read\/will-the-crowd-speed-toward-greed-or-hurry-toward-worry-7345?utm_source=twitter&#038;utm_medium=post&#038;utm_campaign=twitter_crowd_speed_toward_greed_or_hurry_toward_worry_insight_b_072423\/&#038;fpr=twitter\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">analyze<\/span><\/a><span style=\"font-weight: 400;\">  considered which flank traders are more likely to camp.  In the on-chain analysis put forward by Brian Quinlivan, traders don&#8217;t seem to be worried about Bitcoin&#8217;s loss of the $30,000 psychological support level.<\/span><\/p>\n<h4><b>Bulls eyes over bears?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">According to Quinlivan, this conclusion was because the social volume was based on the buy and sell sentiment.  From the analysis, the number of bullish calls exceeded those appearing to call for the price top.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means the average trader is aligned with the thought that BTC&#8217;s price, if the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/bitcoins-capital-inflow-echoes-memories-of-a-tight-trading-season\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">tight trading range<\/span><\/a><span style=\"font-weight: 400;\">  exits, would trend upwards rather than downwards.<\/span><\/p>\n<div id=\"attachment_330202\" style=\"width: 1055px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.08.12.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330202\" class=\"size-full wp-image-330202\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.08.12.png\" alt=\"Bitcoin social volume on buy and sell\" width=\"1045\" height=\"383\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.08.12.png 1045w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.08.12-300x110.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.08.12-1024x375.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.08.12-768x281.png 768w\" sizes=\"auto, (max-width: 1045px) 100vw, 1045px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-330202\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Furthermore, Bitcoin&#8217;s <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/charts\/n9vTjt2q__sCl\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">social dominance<\/span><\/a><span style=\"font-weight: 400;\">  was 20.58%.  According to Quinlivan, the metric implied that the rate of BTC discussions was at a healthy level considering that,<\/span><\/p>\n<blockquote>\n<p>On a better note, the percentage of trader discussions related to Bitcoin (compared to top 100 altcoins) is still hanging on in a region that we consider to be a \u201chealthy\u201d area on our chart.  Not by a lot, but you can see that BTC social dominance is still 2.42% above the healthy zone of discussion rate<\/p>\n<\/blockquote>\n<div id=\"attachment_330203\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330203\" class=\"size-full wp-image-330203\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"BTC price and social dominance\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330203\" class=\"size-full wp-image-330203\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023.png\" alt=\"BTC price and social dominance\" width=\"2560\" height=\"867\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.14.35-25-Jul-2023-2048x693.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-330203\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h4><b>Mild liquidity in the market<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In terms of <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Open Interest (OI)<\/span><\/a><span style=\"font-weight: 400;\">Sentiment showed that it has increased.  Open Interest is the number of outstanding futures or options contracts on an exchange.  When the Open Interest increases, it means that new money is coming into the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But when it decreases, it is a sign that the market is liquidating and more traders are closing their positions.<\/span><\/p>\n<div id=\"attachment_330201\" style=\"width: 1364px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330201\" class=\"size-full wp-image-330201\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Bitcoin Open Interest\" width=\"1354\" height=\"365\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48.png 1354w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48-300x81.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48-1024x276.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48-768x207.png 768w\" data-lazy-sizes=\"(max-width: 1354px) 100vw, 1354px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330201\" class=\"size-full wp-image-330201\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48.png\" alt=\"Bitcoin Open Interest\" width=\"1354\" height=\"365\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48.png 1354w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48-300x81.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48-1024x276.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-25-at-09.19.48-768x207.png 768w\" sizes=\"auto, (max-width: 1354px) 100vw, 1354px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-330201\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">In Bitcoin&#8217;s case, the Open Interest <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/bitcoin-are-bears-making-a-comeback\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">hovered<\/span><\/a><span style=\"font-weight: 400;\">  around the same area for a while.  This depicts that liquidity flow into the market has been oscillating between an increase and a decrease.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Concerning the funding rate, Santiment showed that the metric was still positive.  For context, funding rates are periodic payments between long and short-perpetual contract positions.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">BTC&#8217;s market cap in ETH terms<\/span><\/a><\/p>\n<hr\/>\n<p>negative <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/charts\/KmifBip8__sCl\" data-wpel-link=\"external\">funding rate<\/a> means that perpetual prices are below the spot price.  In this case, traders are bearish.  But when the funding rate is positive, it means that traders have a bullish sentiment towards the price action.<\/p>\n<div id=\"attachment_330204\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330204\" class=\"size-full wp-image-330204\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Bitcoin funding rate\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330204\" class=\"size-full wp-image-330204\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023.png\" alt=\"Bitcoin funding rate\" width=\"2560\" height=\"867\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-09.27.06-25-Jul-2023-2048x693.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-330204\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">In conclusion, the overall sentiment towards Bitcoin tilts towards indecisiveness.  For now, traders are skeptical about going fully bullish or betting on a downturn. <\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The traders&#8217; discussion about Bitcoin was at a healthy level. Liquidity flowing into the futures market has been relatively modest. For the past few weeks, Bitcoin [BTC] has been trading around $30,200 and a little below $29,000. With its price in a narrow range, it is not uncommon to find BTC traders tangled between going [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":127316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-127315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/127315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=127315"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/127315\/revisions"}],"predecessor-version":[{"id":127317,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/127315\/revisions\/127317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/127316"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=127315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=127315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=127315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}