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BTC Market Pulse: Week 45
Published Source: Glassnode InsightsRead original
Crypto Insight Summary: Bitcoin trades near $78k on Monday after a Thursday slide below $80k. Perpetual sellers drove the drop, yet longs keep paying up in funding and options traders are buying protection, while spot buyers held steady. Crypto Insight Analysis: Direction: Neutral BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Perpetual selling and defensive options positioning offset steady spot demand near $78K.