High options volume and concentrated open interest around key strike prices are keeping Bitcoin rangebound as traders favor hedged positions over leverage.
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Bitcoin Faces Potential Rally Trap As Smart Money Silently Reaccumulates — Details
A recent on-chain evaluation has been published, which suggests that Bitcoin may be entering into a classic deceptive phase in its market cycle, a dynamic that poses a trap for potential market participants expecting a straightforward price recovery. Related Reading: Historic Downturn: Bitcoin Nears Worst Weekly Performance In Over A Year ‘New Whales’ Capitulate, But […]

