BTC price weakness sees negative funding rates and a distinctly risk-off mood among Bitcoin traders.
Bitcoin rebounded past $58,000 on Aug. 16 after a “sweeping masterclass” cost both bulls and bears.
Data from Cointelegraph Markets Pro and TradingView confirmed a 4.4% Bitcoin (BTC) price recovery from lows of $56,150 the day prior.
Coming on the back of the latest United States unemployment data, the dip posed problems for casual traders, with both buyers and sellers seeing liquidations.
