Bitcoin prices are trading mostly unchanged Friday, but on track to log back-to-back weekly losses, and the fifth over the past six weeks.
In early Friday trading, the price of one bitcoin BTCUSD, +0.35% was last changing hands at $6,359.11, up 0.1% since 5 p.m. Eastern Time Thursday on the Kraken cryptocurrency exchange.
Despite the grind lower, data suggests retail investors haven’t thrown in the towel.
“Retail trader data shows 82.6% of traders are net-long with the ratio of traders long to short at 4.76 to 1. The number of traders net-long is 0.7% higher than yesterday and 2.9% lower from last week, while the number of traders net-short is 2.7% lower than yesterday and 0.5% lower from last week,” wrote Jack Schwarze, research analyst at DailyFX.
