Bitcoin rallies to $109.7K but pro traders question BTC’s price momentum


Bitcoin rallies to 9.7K but pro traders question BTC’s price momentum


Bitcoin moved closer to its all-time high today, but several data points suggest pro traders are not on board yet.

Key takeaways:

Bitcoin trades near all-time high, but derivatives data show traders remain cautious and uncommitted.

The USDT discount in China and spot Bitcoin ETF outflows highlight investor concerns over global trade tensions.

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