Traders Remain Cautious Near Bitcoin All-Time Highs as Ethereum Bets Surge
As Bitcoin hovers near its all-time highs, traders are exhibiting caution. Macro economic uncertainties loom, particularly ahead of today’s Consumer Price Index (CPI) data release. Analysts suggest that this cautious sentiment may set the stage for the next market breakout. Meanwhile, leveraged bets on Ethereum are gaining traction, demonstrating a contrasting sentiment among Ethereum traders. This divergence raises intriguing questions about market dynamics and the potential for volatility in the coming days. Investors are advised to monitor these developments carefully as they may influence trading strategies and market sentiment.