Bitcoin maintains its position at 109,000 USD amidst upcoming US job data, reflecting market concerns. Major investors are increasingly cautious, converting billions to ETH, suggesting a bearish outlook for Bitcoin’s support at 108,000 USD.
Recent data shows Bitcoin’s value has dropped over 12% since the all-time high in August 2023. As Bitcoin put options gain traction, investor confidence diminishes, uncovering risks amid a challenging macroeconomic climate.
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