Key takeaways:
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Bearish Bitcoin traders were caught off guard by BTC’s rally above $90,000.
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Spot volumes are driving the Bitcoin price rally.
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Derivatives positions with a bearish bias remain at risk of liquidation.
Bitcoin (BTC) held above the $93,000 mark on April 24, suggesting a potential conclusion to the 52-day bear market that bottomed at $74,400. Although Bitcoin is beginning to show signs of decoupling from the stock market, professional traders have not altered their strategies, as…
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