Bitcoin Trading Volume Stays Subdued as Price Recovers
The rally may not be sustainable, according to Arcane Research.
The max pain price for Friday's bitcoin options expiry is $44,000.
Cryptos gain alongside stocks.
Analysts expect higher volatility ahead of Friday’s month-end expiry.
Bitcoin’s 30% rally over the past month appears to be exhausted.
“The fear is gone for now, and the market is optimistic,” Arcane Research wrote in a Tuesday newsletter. But not enough to keep bitcoin's price above $50K.