Bitcoin (BTC) extends correction and erases Friday’s gains after being unable to hold above the psychologically important $60,000 level over the weekend.
Bitcoin corrects on Monday, down nearly 1% as it settles back under the $60,000 level. Crypto Fear and Greed Index flashes “fear” as Bitcoin erases recent gains. Bitcoin traders continue to take profits, with nearly $720 million in profits realized in the last six days. Bitcoin extends correction and erases Friday’s gains after being unable to hold above the psychologically important $60,000 level over the weekend.
Bitcoin Fear & Greed Index Data from crypto intelligence tracker Santiment shows that Bitcoin traders have consistently taken profits, nearly $720 million in realized gains between September 10 and 16, at the time of writing, as measured by the Network Realized Profit/Loss metric , which tracks the net realized profit/loss of all tokens traded in a day. Large-scale profit-taking could push prices lower since it increases selling pressure on BTC.
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