Despite trading below 100,000 USD, factors such as positive trader sentiment and rising liquidity could propel Bitcoin upwards. The Federal Reserve’s Reverse Repo facility has reached a 1,387-day low, indicating growing cash availability in the market.
Traders remain optimistic, with BTC’s funding rate at 0.0088% suggesting renewed demand for long positions. If Bitcoin crosses the crucial 100,000 USD mark, it may push towards its previous all-time high of 109,356 USD, reflecting strong bullish signals.
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