Speculators Bullish On Bitcoin

Speculators Bullish On Bitcoin


Seeking Alpha
2022-05-26 14:55:00

Bitcoin has been relatively flat in the past couple of weeks in the wake of the TerraUSD blowup.As the two largest cryptos - Bitcoin and Ethereum - have traded more or less sideways, speculators appear to be getting a little more bullish.The highest share of speculators are anticipating higher Bitcoin prices since before the pandemic, when the crypto was trading below $10,000 - nearly a third of what it is at today.