USDT discount in China and flat options skew reflect subdued crypto demand and indecision.
Bitcoin (BTC) climbed to $109,750, trading just around 2% below its all-time high, after retesting the $105,137 support level earlier on 2nd July. The rally coincided with fresh data showing record monetary expansion in the eurozone and slower U.S. labor growth, suggesting ample liquidity is still fueling asset prices.
Yet, market dynamics and trader behavior reveal growing uncertainty among professional investors.
Bitcoin (BTC) climbed to $109,750, trading just around 2% below its all-time high, after retesting the $105,137 support level earlier on 2nd July. The rally coincided with fresh data showing record monetary expansion in the eurozone and slower U.S. labor growth, suggesting ample liquidity is still fueling asset prices.
Yet, market dynamics and trader behavior reveal growing uncertainty among professional investors.
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