Bitcoin uptick sparks caution as futures positioning eyed
TradingView News says bitcoin’s gains into August have boosted optimism, with CoinMarketCap Fear and Greed at 77, but perpetual-futures positioning may signal weaker foundations for the move.
Gains in bitcoin through August have inspired optimism in the cryptocurrency space, with CoinMarketCap's Fear and Greed index at 77 out of 100, a "greed" reading.
But the foundation of these gains are possibly not as strong as some may have hoped. "Perpetual-futures positioning shows the move up ca…