Bitcoin Market Caution Rises After Failed Breakout: Glassnode Data

The Bitcoin market remains subject to high uncertainty, with bearish sentiments at heightened levels. In the last week, the premier cryptocurrency attempted another failed breakout as prices faced stiff resistance at the $75,000 level. With Bitcoin now back to around $70,000, Glassnode data on the options market shows that traders are pushing for more downside protection alongside expectations of low market volatility.
Bitcoin Open Interest Hits New ATH  – What Does It Mean?
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