Bitcoin market cautious as longs and shorts balance out

Bitcoin’s drop to below $50,000 on Aug. 5 marked the largest drawdown in the current cycle, resulting in substantial profit losses and liquidations. And while BTC has shown solid signs of recovery since then, consolidating around $60,000, the market still remains cautious as it recently dipped below this psychological support. This cautiousness is best seen […] source: https://cryptoslate.com/bitcoin-market-cautious-as-longs-and-shorts-balance-out/