At 114,755 USD, Bitcoin shows signs of a temporary correction despite concerns of a sustained downturn. Bitcoin options skew reaching a four-month high indicates high volatility while strong ETF inflows and stable trader positions highlight a potential rebound.
Data from top traders reveals minimal changes to long positions, suggesting confidence in a price recovery. With favorable market conditions potentially leading BTC past 120,000 USD, current dynamics reinforce the likelihood of a forthcoming market reversal.
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