Exchange report: The market may continue to fluctuate until a clear catalyst emerges
Jinse Finance reported that an Alpha report from a certain exchange indicated: Bitcoin's upward attempt was blocked, with the price failing to hold the resistance range of $95,000 to $98,000 and falling back to the established range. After reaching a high of $97,850 in mid-January, Bitcoin retreated by more than 10%, dropping below the year's opening price, with spot buying momentum weakening and ETF outflows intensifying. Derivatives positions have been adjusted in an orderly manner, and volatility responses remain limited to short-term contracts, indicating that market caution is event-driven rather than a broader shift in market mechanisms. In the absence of a recovery in spot and ETF demand, Bitcoin may continue to fluctuate within the range until a clearer demand catalyst emerges.
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