Home BlockchainBitcoin Reclaims $71K, But How Long Will It Hold?

Bitcoin Reclaims $71K, But How Long Will It Hold?

by CoinTelegraph
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Key takeaways:

  • Bitcoin’s derivatives signal caution, with the options skew hitting 20% as traders fear another wave of fund liquidations.

  • Bitcoin price recovered some of its Thursday losses, but it still struggles to match the gains of gold or tech stocks amid low leverage demand.

Bitcoin (BTC) has gained 17% since the $60,150 low on Friday, but derivatives metrics suggest caution as demand for upside price exposure near $70,000 remains constrained. Traders fear that the liquidations of $1.8 billion of…

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