Bitcoin Sees Short-Term Gains, but Analysts Warn of a ‘Bull Trap’

TL;DR Bitcoin surged past $88,000 this week, but analysts warn the rally might be a bull trap due to low participation and weak trading volumes. Negative funding rates in futures markets suggest traders are no longer willing to pay premiums for bullish bets. Despite macroeconomic fears, many veteran crypto investors are holding their positions, confident. . . source: https://crypto-economy.com/bitcoin-sees-short-term-gains-but-analysts-warn-of-a-bull-trap/