Key takeaways:
- Bitcoin rose above $90,000, yet options data show traders are not comfortable with downside risk exposure.
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Bitcoin spot ETF outflows and low leverage demand suggest investors remain cautious about near-term gains.
Economic uncertainty caps Bitcoin price rebound
Bitcoin (BTC) jumped above $90,000 on Saturday, prompting traders to question whether there is enough momentum to reclaim the $95,000 level for the first time in seven weeks.
Even as the S&P 500 traded just 1.3% below its all-time high, investors grew concerned about worsening economic conditions, especially after electric-vehicle automaker Tesla (TSLA US) reported disappointing sales.
The tech-heavy Nasdaq index futures failed to reclaim the…
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Source cointelegraph.com
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