Bitcoin Derivatives Market Strength Indicator Drops from 41% to 13 on July 18, Bullish Momentum Weakens

BTC0.82%
According to CryptoQuant analyst Axel Adler Jr., on July 18, Bitcoin derivatives market strength indicator declined from 41% to 13%, signaling a marked weakening of bullish momentum in the derivatives market. The indicator remains above the zero level, indicating that the market has not yet turned fully bearish. Bitcoin held steady at $63,900 at the time of the report.
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