The volume is lower and lower everyday, plus the Long to Short Ratio, is still dominated by the bears, according to coinglass:
Average among the exchanges: 50.27% Short
* Binance: 50.19% Long
* FTX: 50.76% Short
* Kraken: 50.21% Short
Our analysis is that Bitcoin will need to retrace in order to accumulate and grow in volume
-ECF
Average among the exchanges: 50.27% Short
* Binance: 50.19% Long
* FTX: 50.76% Short
* Kraken: 50.21% Short
Our analysis is that Bitcoin will need to retrace in order to accumulate and grow in volume
-ECF