Crypto Caution Precedes Bitcoin Correction: Bybit Unveils Market Clues

Crypto markets are showing signs of hesitation, mirroring a divergence from traditional equities. While the US stock market continues its upward trajectory, crypto assets remain cautious. This cautious sentiment is evident in Bitcoin’s recent performance, which has seen several attempts to rebound but ultimately failed to hold gains. A Bybit and Block Scholes report reveals this trend. The report cites weak short-term confidence as Bitcoin faces a period of consolidation, indicated by its continued trading within tight ranges after multiple rebounds.