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4 Feb 2026, 07:10

BTC Perpetual Futures: Revealing Long/Short Ratios Signal Cautious Market Sentiment for 2025

BitcoinWorld BTC Perpetual Futures: Revealing Long/Short Ratios Signal Cautious Market Sentiment for 2025 Global cryptocurrency traders exhibit a notably cautious stance on Bitcoin’s immediate future, as revealed by the latest 24-hour long/short ratios for BTC perpetual futures contracts across the world’s three largest exchanges by open interest. This data, current as of early 2025, provides a crucial snapshot of institutional and retail sentiment, showing a collective tilt towards short positions that demands deeper contextual analysis within the current macroeconomic and regulatory landscape. Decoding BTC Perpetual Futures Long/Short Ratios Perpetual futures contracts, unlike traditional futures, have no expiry date. Consequently, the long/short ratio for these instruments serves as a powerful, real-time sentiment gauge. It measures the percentage of open positions betting on price increases (long) versus those betting on declines (short). A ratio below 50% long indicates net bearish positioning. The aggregated data from Binance, OKX, and Bybit shows an overall long percentage of 48.99%, with 51.01% short. This subtle but consistent bias across major platforms suggests a prevailing narrative of caution or expectation of consolidation among sophisticated market participants. The Mechanics of Market Sentiment Measurement Exchanges calculate this ratio by dividing the total open long positions by the total open interest. Analysts then track its fluctuations to identify potential trend reversals or confirmations. For instance, a sustained decline in the long ratio often precedes or accompanies market downturns, while a sharp increase can signal growing bullish conviction. The current data, showing all three major venues in net short territory, aligns with historical patterns where such positioning emerges during periods of price uncertainty or after significant rallies, as traders hedge their spot holdings or speculate on pullbacks. Exchange-by-Exchange Analysis of Trader Positioning A granular look at each platform reveals nuanced differences in trader behavior, often reflecting distinct user demographics and regional influences. The data presents a remarkably uniform picture of slight short dominance. BTC Perpetual Futures 24-Hour Long/Short Ratios (Top 3 Exchanges by Open Interest) Exchange Long % Short % Net Sentiment Overall Aggregate 48.99% 51.01% Slightly Bearish Binance 48.98% 51.02% Slightly Bearish OKX 49.79% 50.21% Neutral to Slightly Bearish Bybit 49.18% 50.82% Slightly Bearish OKX displays the most balanced ratio, nearly at parity. This could indicate a more mixed or wait-and-see attitude among its user base. Conversely, Binance and Bybit show a more pronounced, though still marginal, preference for short positions. These variations, while small, are statistically significant given the massive open interest on these platforms, which collectively represents billions of dollars in notional value. The consistency across venues strengthens the signal’s reliability, suggesting a broad-based sentiment rather than an anomaly on a single exchange. The 2025 Context: Macroeconomic and Regulatory Influences Interpreting these ratios requires understanding the external environment shaping trader decisions in 2025. Several key factors currently influence derivatives market sentiment: Interest Rate Environment: Central bank policies continue to impact liquidity flows into and out of risk assets like cryptocurrency. Regulatory Clarity: Evolving global frameworks for digital asset trading and custody affect institutional participation. Bitcoin ETF Flows: The net inflows or outflows from spot Bitcoin ETFs provide a complementary sentiment indicator from traditional finance. Network Fundamentals: Metrics like hash rate and active addresses offer on-chain confirmation of network health. Furthermore, the derivatives market itself has matured significantly. Risk management practices, including more sophisticated hedging strategies using perpetual swaps, have become standard for funds and high-net-worth individuals. Therefore, a net short position does not always equate to a purely bearish outlook; it can also represent prudent portfolio insurance for large spot holders. Historical Precedents and Market Cycle Analysis Historical data analysis reveals that periods of net short positioning on perpetual futures have frequently occurred at local market tops or during extended consolidation phases. For example, similar ratios were observed prior to the significant correction in mid-2022 and during the sideways action throughout much of 2023. However, these ratios are best used as a contrarian indicator at extremes. The current levels are not at historical extremes of bearishness, which often see long ratios dip below 40%. Instead, they suggest a healthy skepticism and lack of euphoria, a condition that some analysts argue is necessary for a sustainable bull market foundation. Implications for Bitcoin Price Action and Volatility The prevailing short bias has direct implications for market mechanics. A market heavily skewed short can become vulnerable to a “short squeeze.” This occurs when unexpected positive news or buying pressure forces short sellers to close their positions by buying back the asset, accelerating upward price moves. The current setup, with a modest but pervasive short interest, creates a latent fuel for a rally if bullish catalysts emerge. Conversely, if negative catalysts hit, the existing short positions could amplify downward momentum as stop-losses on long positions are triggered. Monitoring funding rates—the periodic payments between longs and shorts—becomes crucial in this environment to gauge the cost of maintaining these positions. Expert Perspective on Derivatives Data Leading market analysts emphasize the importance of combining derivatives data with other metrics. A veteran derivatives trader from a major quantitative fund, who spoke on condition of anonymity, noted, “The long/short ratio is one piece of the puzzle. We correlate it with options skew, futures term structure, and spot flow data. Right now, the perpetuals data suggests caution, but the term structure might remain in backwardation or contango, telling a different story. The key is divergence; when these indicators start to disagree, it often signals a major move.” This multi-faceted approach prevents over-reliance on a single metric and provides a more robust market view. Conclusion The latest BTC perpetual futures long/short ratios from Binance, OKX, and Bybit paint a clear picture of measured caution in the cryptocurrency market as of 2025. The consistent, albeit slight, net short positioning across these major exchanges reflects a trading environment characterized by hedging and a lack of speculative froth. While not indicative of extreme bearishness, these ratios highlight the importance of derivatives market data as a leading sentiment indicator. For investors and traders, understanding these dynamics is essential for navigating potential volatility and identifying the underlying supply and demand forces that will ultimately dictate Bitcoin’s price trajectory. The data underscores a mature market where participants are actively managing risk, setting the stage for the next significant directional move. FAQs Q1: What does a long/short ratio below 50% mean? A long/short ratio below 50% indicates that more traders hold open short positions (betting on price decline) than long positions (betting on price increase) in the perpetual futures market at that moment. It generally reflects net bearish or cautious sentiment. Q2: Why are perpetual futures important for gauging sentiment? Perpetual futures have no expiry, so their open interest represents continuous market exposure. The long/short ratio for these instruments provides a real-time, high-liquidity snapshot of trader positioning and collective market bias, often used by institutions for hedging and speculation. Q3: How does the data from Binance, OKX, and Bybit differ? While all three show a net short bias, OKX exhibits the most balanced ratio (49.79% long), nearing parity. Binance and Bybit show slightly more pronounced short positioning. These subtle differences may reflect variations in each exchange’s user demographics, regional focus, or product offerings. Q4: Can a high short ratio lead to a price increase? Yes, a market with a high concentration of short positions is prone to a “short squeeze.” If the price begins to rise, short sellers are forced to buy back BTC to close their losing positions, creating additional buy-side pressure that can accelerate the rally. Q5: How should traders use this long/short ratio data? Traders should use this data as one indicator among many, not in isolation. It’s most powerful when combined with spot market flows, options data, on-chain analytics, and macroeconomic context. Extreme readings often act as contrarian signals, while mild readings like the current ones confirm a prevailing cautious trend. This post BTC Perpetual Futures: Revealing Long/Short Ratios Signal Cautious Market Sentiment for 2025 first appeared on BitcoinWorld .

4 Feb 2026, 07:07

Analyst Challenges Shiba Inu Team’s “SHIB Will Come Back” Claim, Calls for Smarter Portfolio Strategy

Crypto commentator Zach Humphries weighed in on whether Shiba Inu can recover, responding to optimistic remarks from SHIB’s marketing lead, Lucie. This week on X, Lucie argued that weak, influencer-driven projects will fade, while Shiba Inu will return strong. Visit Website

4 Feb 2026, 07:00

Trump Says He Was Unaware Of Abu Dhabi Royal’s $500 Million WLFI Investment

Reports say a wealthy Abu Dhabi investor bought a near-half stake in a crypto company tied to the Trump family. The transaction, reported to be worth about $500 million, involved an entity linked to Sheikh Tahnoon bin Zayed Al Nahyan. It has prompted questions in Washington and stirred activity in the markets where the company’s token trades. Related Reading: Mastercard Stresses Crypto Is An Enhancement, Not A Substitute Sheikh A Reported Buyer According to reporting by major outlets, Aryam Investment 1 — an investor connected to Sheikh Tahnoon — agreed to purchase roughly 49% of World Liberty Financial, known as WLFI. The payment was structured in phases, with about $250 million reported as an initial transfer. Reports note roughly $187 million moved to entities associated with the Trump family, while another $31 million reportedly went to companies tied to cofounders. JUST IN: 🇺🇸🇦🇪 President Trump says he did not know Abu Dhabi invested $500 million in his World Liberty crypto project. “I don’t know about it. My sons are handling that, I guess they get investments from people.” pic.twitter.com/AOBosetnpE — Bitcoin Black (@Bitcoinblacck) February 2, 2026 Timing And Deal Details The timing of the sale matters. It was completed shortly before an important political milestone for the buyer’s partner, and that has sharpened scrutiny. Some lawmakers and ethics experts raised alarms about a high-value foreign-backed investment in a business tied to a sitting US President. Others point out that private business dealings are common and that the legal thresholds for disclosure can be complex. Market participants reacted quickly; trading in WLFI-linked assets saw spikes in volume and price swings as news spread. Trump Responds When journalists pressed him about the report, US President Donald Trump denied having knowledge of the transaction. “I don’t know about it,” he said, adding that his sons run many family business matters. The remark was brief but clear: he insisted the family manages WLFI and that he was not personally involved in negotiating the sale. Some aides later reiterated that any operational decisions were handled by company executives and family members. Related Reading: Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers Reactions From Lawmakers And Regulators Reports say lawmakers from both parties want answers. A handful of senators have asked for briefings and documents, and a few regulators have been asked to look at whether any disclosure rules were followed. At the same time, legal experts caution that an investment by a foreign-backed firm is not automatically illegal or disqualifying. What matters, they say, are the exact terms, who signed which papers, and whether any statutory reporting obligations were met. Featured image from Brendan Smialowski/AFP via Getty Images, chart from TradingView

4 Feb 2026, 07:00

Binance SAFU Fund’s Strategic $100M Bitcoin Move Bolsters Unprecedented User Protection

BitcoinWorld Binance SAFU Fund’s Strategic $100M Bitcoin Move Bolsters Unprecedented User Protection In a significant move for cryptocurrency security, Binance’s Secure Asset Fund for Users (SAFU) has strategically added approximately $100.54 million worth of Bitcoin to its reserves, reinforcing its role as a critical safety net for the global exchange’s user base. This transaction, involving 1,315 BTC, represents a deliberate shift in the fund’s asset composition and underscores the evolving landscape of digital asset protection. The action follows Binance’s prior announcement about converting stablecoin holdings within the billion-dollar SAFU fund into Bitcoin, signaling a long-term confidence in the premier cryptocurrency’s role as a reserve asset. Binance SAFU Fund’s Strategic Bitcoin Allocation Blockchain monitoring service Whale Alert first detected the substantial withdrawal from a Binance exchange wallet to a designated SAFU fund address. Consequently, this transaction executes a previously stated corporate strategy. Binance originally established the SAFU fund in 2018 as a self-insurance mechanism. The fund’s primary purpose is to cover potential user losses in extreme scenarios, such as major security breaches or operational failures. Therefore, this latest Bitcoin acquisition directly supports that core protective mission. The fund’s structure mandates that Binance allocates 10% of all trading fees to replenish and grow the SAFU reserve. Historically, the fund maintained a portion of its value in stablecoins like BUSD and USDT for price stability. However, the recent strategic pivot toward Bitcoin marks a notable evolution. This shift likely reflects a calculated assessment of long-term asset preservation and the foundational role of Bitcoin within the cryptocurrency ecosystem. Analysts view the move as an endorsement of Bitcoin’s store-of-value characteristics, especially for a fund designed as an emergency backstop. The Mechanics and Timing of the Transaction On-chain data provides transparent verification of the SAFU fund’s activity. The transaction occurred seamlessly, demonstrating the operational maturity of large-scale asset transfers within the Binance ecosystem. Market analysts note the timing did not cause significant price volatility, indicating careful execution. Furthermore, this move aligns with a broader industry trend where major cryptocurrency entities are increasing their Bitcoin treasury reserves. The decision to convert stablecoin holdings into Bitcoin involves balancing immediate liquidity needs with long-term capital appreciation and network security alignment. Understanding the SAFU Fund’s Role in Cryptocurrency Security The Secure Asset Fund for Users represents a pioneering model in consumer protection for the digital asset industry. Unlike traditional finance, where government-backed insurance schemes exist, cryptocurrency exchanges often create their own safeguards. The SAFU fund provides a transparent, on-chain verifiable pool of assets dedicated solely to user protection. Its existence aims to build trust and mitigate one of the sector’s most significant risks: the potential loss of user funds due to unforeseen events. Emergency Reserve: The fund acts as an insurance pool, not for daily operations. Transparent Tracking: Its blockchain addresses are publicly known, allowing for independent verification of its size and composition. Proactive Protection: Its purpose is pre-emptive risk management rather than reactive compensation. This model has influenced other exchanges to develop similar protection funds, raising the standard for security across the industry. The fund’s growth to over $1 billion in value highlights Binance’s commitment to allocating substantial resources toward user safety. By holding a significant portion in Bitcoin, the fund also ties its value to the performance and security of the world’s largest blockchain network, creating a symbiotic relationship between user protection and network success. Comparative Analysis of Exchange Insurance Funds Exchange Fund Name Reported Size Primary Assets Binance SAFU $1B+ Bitcoin, Stablecoins Coinbase User Protection Corporate Balance Sheet Fiat Currency, Diversified Kraken Reserves Not Disclosed Cryptocurrency, Cash FTX (Formerly) Insurance Fund Was $1B+ FTT Token, Crypto The table illustrates different approaches to user protection. Binance’s SAFU fund is distinctive for its size, transparency, and specific asset allocation strategy. The recent Bitcoin purchase further differentiates its approach from competitors who may rely more heavily on fiat currency or corporate guarantees. Implications of Holding Bitcoin in an Insurance Fund Converting a portion of the SAFU fund to Bitcoin carries several important implications. Firstly, it signals a strong, long-term belief in Bitcoin’s viability as a reserve asset. Unlike stablecoins, which are pegged to fiat currencies, Bitcoin’s value is independent and subject to market cycles. This introduces a different risk-return profile for the insurance fund. Proponents argue that Bitcoin’s historically appreciating value over multi-year periods could increase the fund’s purchasing power for future protection needs. Conversely, critics note the potential volatility could affect the fund’s value during a market downturn when it might be needed most. Secondly, holding Bitcoin aligns the fund’s security with the security of the Bitcoin network itself. The fund benefits from Bitcoin’s decentralized, immutable, and highly secure blockchain. This creates a direct stake in the health of the broader cryptocurrency infrastructure. Furthermore, this move may influence other institutional holders to consider Bitcoin for similar long-term reserve purposes. The decision reflects a maturation in how large crypto-native entities manage treasury assets, moving beyond simple fiat proxies to embrace the native assets of the ecosystem they serve. Expert Perspectives on Reserve Strategy Financial analysts specializing in digital assets point to several rationales for the strategy. A common view is that stablecoins, while useful for liquidity, carry counterparty and regulatory risks tied to their issuers. Bitcoin, as a decentralized asset with no single point of failure, offers a different kind of risk mitigation. Experts also reference the growing trend of corporate and national Bitcoin treasury allocations as a validation of this approach. The SAFU fund’s strategy can be seen as an adaptation of this “digital gold” thesis for the specific purpose of user insurance. This action provides a real-world case study for other funds considering similar asset allocation shifts. The Broader Context of Cryptocurrency Exchange Security in 2025 The SAFU fund’s evolution occurs within a rapidly changing regulatory and technological landscape. Global regulators are increasingly focusing on consumer protection mandates for cryptocurrency platforms. Initiatives like the EU’s Markets in Crypto-Assets (MiCA) framework require exchanges to safeguard client assets. Binance’s proactive maintenance of a substantial, verifiable insurance fund positions it favorably within these emerging compliance regimes. The transparency of on-chain fund management serves as a powerful tool for demonstrating solvency and responsibility to both users and regulators. Moreover, the industry continues to recover from past incidents where users lost funds due to exchange failures. These events have made security and proof of reserves paramount concerns for investors. The SAFU fund, and actions like this Bitcoin allocation, are direct responses to this market demand for greater safety. They represent a shift from purely technical security (like cold storage) to include financial security through dedicated emergency capital. This multi-layered approach is becoming the standard for leading exchanges aiming to build enduring trust. Timeline of the SAFU Fund’s Development July 2018: Binance announces the creation of the SAFU fund, initially allocating 10% of trading fees. 2019-2021: The fund grows steadily, with its public addresses periodically verified by the community. Early 2023: Binance discloses the SAFU fund value exceeds $1 billion. Late 2024: Binance announces a strategy to gradually convert SAFU’s stablecoin holdings into Bitcoin. Early 2025: Whale Alert reports the $100 million Bitcoin withdrawal, executing the stated strategy. This timeline shows a consistent, multi-year commitment to growing and strategically managing the fund. The recent Bitcoin purchase is not an isolated event but a step in a planned, long-term financial strategy. Conclusion Binance’s SAFU fund addition of $100 million in Bitcoin represents a significant and strategic development in cryptocurrency exchange security. This move transitions a portion of the user protection fund into the ecosystem’s foundational asset, aligning its long-term value with the success of Bitcoin itself. The action reinforces the fund’s role as a transparent, substantial safety net for users while demonstrating sophisticated treasury management. As the digital asset industry matures, the evolution of the Binance SAFU fund provides a leading model for how exchanges can proactively address risk, build trust, and secure user assets against an unpredictable future. The fund’s growing Bitcoin reserves underscore a deepening institutional confidence in cryptocurrency’s premier asset as a cornerstone of financial resilience. FAQs Q1: What is the Binance SAFU fund? The Secure Asset Fund for Users (SAFU) is an emergency insurance reserve created by Binance. It is funded by allocating 10% of all trading fees and exists to protect users’ assets in extreme cases like major security breaches or operational failures. Q2: Why did the SAFU fund buy $100 million in Bitcoin? The purchase executes a previously announced strategy to convert a portion of the fund’s stablecoin holdings into Bitcoin. This likely reflects a long-term belief in Bitcoin as a store of value and aims to align the fund’s reserves with the premier asset of the cryptocurrency ecosystem. Q3: How does this transaction affect Binance users? For users, it reinforces the financial backing of their protection safety net. The fund’s value is now more closely tied to Bitcoin’s performance. The move is designed to enhance the fund’s long-term value and resilience, potentially increasing its capacity to cover losses if ever needed. Q4: Is the SAFU fund’s composition publicly verifiable? Yes. Binance publishes the blockchain addresses holding the SAFU fund assets. Anyone can use a block explorer to track the fund’s size and movements, such as this recent Bitcoin transaction, providing a high degree of transparency. Q5: How does the SAFU fund compare to traditional bank insurance? It is a different model. Traditional bank insurance (like FDIC in the US) is a government-backed guarantee. The SAFU fund is a company-owned and managed pool of assets. It offers protection based on the exchange’s own financial resources and commitment rather than a state-backed scheme. This post Binance SAFU Fund’s Strategic $100M Bitcoin Move Bolsters Unprecedented User Protection first appeared on BitcoinWorld .

4 Feb 2026, 07:00

Crypto Stablecoin Law Faces Pushback As New York Prosecutors Target Tether, Circle

As negotiations continue in Washington over the crypto market structure legislation known as the CLARITY Act, New York’s top law enforcement officials are now turning their attention to a bill that has already become law. Led by New York Attorney General Letitia James, a group of senior prosecutors is raising concerns about the GENIUS Act, the first major US crypto law focused on regulating stablecoins. Alleged Regulatory Gaps In Crypto Law According to a report from CNN, James joined four district attorneys, including Manhattan District Attorney Alvin Bragg, in warning lawmakers that the GENIUS Act fails to adequately protect victims of financial crime. In a letter to Congress, the prosecutors argue that the law gives what they describe as an “imprimatur of legitimacy” to stablecoins, while allowing issuing companies to sidestep critical regulatory obligations needed to combat terrorism financing, drug trafficking, money laundering, and, in particular, cryptocurrency fraud. A central concern for the prosecutors is not what the GENIUS Act includes, but what it leaves out. They argue that the law does not require stablecoin issuers to return stolen funds to victims of fraud. This omission, they say, risks encouraging harmful behavior. In their view, the lack of a clear legal obligation could embolden stablecoin companies to retain stolen assets rather than cooperate fully with law enforcement efforts to make victims whole. The prosecutors warned that this gap may effectively provide legal cover for firms that choose to keep control of stolen funds. Tether Rejects Allegations The letter singles out the two largest stablecoin issuers, Tether (USDT) and Circle (USDC), claiming both have hindered efforts to seize and return illicit funds , while continuing to profit from activity that prosecutors say remains widespread in stablecoin markets. The prosecutors allege that the company has used this power inconsistently and primarily in coordination with federal law enforcement, rather than in response to state or local actions. As a result, they argue, many victims have little chance of recovering stolen funds once assets are converted into USDT. The letter states that funds moved into USDT are often never frozen, seized, or returned, and that Tether currently decides on a case‑by‑case basis whether to assist in recovery efforts . Tether responded to CNN by strongly rejecting the suggestion that it tolerates illicit activity. The company said it takes fraud, consumer harm, and misuse of USDT extremely seriously and maintains a zero‑tolerance policy toward criminal behavior. Circle Faces Sharper Scrutiny The prosecutors’ criticism of Circle, the second‑largest stablecoin issuer, is even sharper. Circle is publicly traded and based in New York, and the letter acknowledges that the company presents itself as a partner in the fight against financial crime. However, the prosecutors argue that Circle’s policies are “significantly worse than those of Tether” when it comes to helping victims recover stolen funds . They allege that even when Circle agrees to freeze assets linked to fraud, it typically retains control of those funds rather than returning them to victims or law enforcement. By holding the underlying reserves, the prosecutors say, Circle continues to earn interest, creating what they describe as a “crystal clear” financial incentive to delay or deny fund returns. Circle pushed back against these claims in a statement to CNN. Dante Disparte, the company’s chief strategy officer, said Circle has consistently prioritized financial integrity and the advancement of strong regulatory standards in the US and globally. He argued that the crypto law clearly requires stablecoin issuers to follow applicable rules to combat illicit activity while also strengthening consumer protections. Featured image from OpenArt, chart from TradingView.com

4 Feb 2026, 06:59

Bitcoin Loses Long-Term Support, Tanking to $73K as Short-Term Holders Capitulate

Bitcoin prices tanked to around $73,000 in late trading on Tuesday, its lowest level since November 2024. The fall is significant because it dropped below April 2025 support levels, which were around $74,500, confirming bear market territory. “Negative momentum is currently extreme as the bear market persists following the October 10 flash crash,” reported Swissblock. The asset has now crashed 25% in less than three weeks and is down 40% from its all-time high. “Bitcoin has now crashed over $53,000 in the last 120 days,” observed analyst ‘Bull Theory’ who added: “Either this is an insane level of manipulation or something huge has broken behind the scenes in crypto.” The move came as geopolitical tensions escalated again, with Iran seeking a new format for nuclear dialogue with the United States. STH Capitulation Adds to Selling Pressure “Short-term holders have been capitulating over the past few days,” said CryptoQuant analyst ‘Darkfost’. More than 40,000 BTC have been sent to exchanges at a loss over the past day or so, they added. “This potential selling pressure appears to have impacted the market today. When large amounts of BTC are sent to exchanges, it is mainly for selling purposes.” Short-Term Holders have been capitulating over the past few days. In the last 24 hours, more than 40,000 BTC have been sent to exchanges at a loss. ⁰ Yesterday, that figure even reached 54,000 BTC. At current prices, this represents roughly $4B. This potential selling… pic.twitter.com/yX0HcOwSs3 — Darkfost (@Darkfost_Coc) February 3, 2026 Santiment went into further detail, reporting that wallets with 10 to 10,000 BTC, which hold just over two-thirds of all Bitcoin, have dumped 50,181 units in the past two weeks alone. However, the world’s largest exchange, Binance, “shows no signs of stress,” reported CryptoQuant. “Reserves hold near 659,000 BTC, netflows remain normal, and reserve movement sits at just 0.6%, nowhere close to the -12% panic withdrawals seen post-FTX,” it added. Analyst ‘Sykodelic’ also remained positive, stating that “this section below the $74K lows will provide the springboard for the next macro leg higher.” “Taking the lows, losing $74K temporarily, pushing everyone over the edge, even the most staunch of bulls… baiting a massive bear trap.” Total Market Cap at 9 Month Low Bitcoin had returned to trade at $76,500 at the time of writing in early trading in Asia on Wednesday, so the dip below long-term support was short-lived. However, the rest of the crypto market is in meltdown , with total capitalization tanking to a nine-month low of $2.64 trillion. Ether fell to $2,120 before a minor recovery, and most of the altcoins had crashed to crypto winter lows with very little recovery. The post Bitcoin Loses Long-Term Support, Tanking to $73K as Short-Term Holders Capitulate appeared first on CryptoPotato .