On June 6, BTC reached 105,000 USD from its low of 100,430 USD. This rebound followed worries about trader leverage and custodial issues amidst growing recession fears due to recent unemployment data.
Traders are apprehensive about a bull trap as larger leveraged positions were liquidated, contradicting hopes for a quick rebound. The lack of transparent information from significant Bitcoin holders has further fueled market hesitations.
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