Recent data from CME futures highlights a notable trend in Bitcoin's price stability, particularly within the $30,000 to $49,999 ranges. The source notes that this information sheds light on the cryptocurrency's trading behavior over the past several months.
Bitcoin's Price Stability
Bitcoin has demonstrated remarkable consistency, remaining within the $30,000-$39,999 and $40,000-$49,999 zones for nearly 200 trading days each. This extended period of stability indicates the establishment of strong price memories, suggesting that traders are increasingly comfortable operating within these bands.
Weak Engagement in Higher Price Ranges
In contrast, the $70,000-$80,000 range has shown weak engagement, emerging as one of the least active price zones in the last five years. This disparity in trading activity may signal a potential consolidation phase for Bitcoin as market participants appear to favor the lower price ranges for their trading strategies.
Ethereum's recent price movements have entered a corrective phase, contrasting with Bitcoin's stability. For more details, see the full article here.
