Key takeaway:
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BTC derivatives metrics show traders taking precautions, but the data suggests traders are not reaching distressed levels yet.
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Bitcoin ETF outflows and tech sector weakness keep sentiment subdued, reducing confidence that Bitcoin can hold above $89,000.
Bitcoin (BTC) retested the $89,000 level on Wednesday after an unsuccessful attempt to recover $93,500 in the previous day’s trading session. The move surprised traders and led to $144 million in liquidations from leveraged…
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