Data: BTC rebounds to $94,000, but the market remains unconvinced
ChainCatcher news, glassnode posted on X stating that bitcoin rebounded to around $94,000, but the market is still not fully optimistic.
Although momentum has improved and trading volume has increased, spot CVD and open interest (OI) have declined. Options trading shows demand for hedging downside risks, while ETF outflows indicate weak market demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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