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Bitcoin (BTCUSD) Rebounds Amid Put Option Pressure and ETF Inflows as Macro Data Looms

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The Story

News Summary

  • Bitcoin struggles near $87,000 facing downside risks with heavy put option concentration at $85,000 strike, signaling cautious market sentiment.
  • ETF inflows offer some support amid fragile macro conditions and persistent resistance above $90,000, limiting sharp rallies near year-end and into early 2025.
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BTCUSD price history

77766.98 +18.04% over the displayed period

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