Bitcoin must hold above the $50,000 mark until the Sept. 18 Federal Reserve meeting to avoid more downside.
Bitcoin bears, or investors betting on the price decline of Bitcoin, have now overtaken bulls in futures markets.
Bitcoin (BTC) bears have overtaken the BTC bulls based on futures market funding rates, according to analyst and verified CryptoQuant author Axel Adler.
The analyst wrote in a Sept. 10 X post:
