Bitcoin long-short game escalates,XBIT can institutional funds BTC perpetual contract break the technical dilemma?
The recent Bitcoin market presents a complex long-short game. Although the price encountered selling pressure before the key resistance level of $98,000, on-chain data and institutional trends show that the market may be brewing a structural change. The current BTC network activity index has fallen back to the bear market range since December 2024, the number of daily active addresses has dropped 37% from the peak, and the on-chain transaction volume has shrunk to an average of 2.3 million transactions
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