Analyst Sees Market Shift as Key Binance Bitcoin Index Drops to 0.35

Bitcoin (BTC), which was trading nearly 300 bucks around the $69,000 level at the time of this writing, has recorded readings from multiple on-chain indicators that often precede major trend changes, including weakening derivative momentum and falling short-term holder capital. The signals have come at a time when the flagship cryptocurrency is struggling to hold recent gains, leaving traders divided over whether the…