Bloomberg: Bitcoin futures show bullish momentum remains strong, with long positions demand in the perpetual futures market surpassing short positions.

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Golden Finance reports that Bloomberg has pointed out that although the rise of Crypto Assets relies on the overall risk appetite of Wall Street, analysts believe that this cycle has seen a large number of new corporate buyers, which is different from previous instances. Bitcoin futures indicate that bullish momentum has not weakened, and in the Perptual Futures market (a popular way for traders to leverage their participation in the Crypto Assets market), long positions demand outweighs short positions bets. Analysts point out that Bitcoin breaking through the range of 119,500-120,000 USD with increasing trading volume reflects sustained buying interest. A continuous breakthrough of 122,000 USD may open the path to 124,000-125,000 USD, but the market is not without flaws. Wall Street has underestimated the possibility of Trump returning to a protectionist approach, and escalating trade tensions could disrupt this situation.

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MupyMup_R15vip
· 8h ago
Buy to earn 💎
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