BTC not yet ready for a new all-time high despite bullishness

BTC may be bullish as it approaches $6.6 million, but it's not ready for a new all-time high, Cointelegraph reports. In addition to recession fears, China's USDT has traded lower against the dollar over the past two weeks, and there has been no change in the funding rate of BTC futures on the whales' or institutions' favorite monthly futures contracts. This is evidence of a lack of investor confidence, the outlet analyzed.