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Bitcoin Traders Bet on $80K Rally, Skew Flips Positive

Published 3 weeks ago
Description

Bitcoin traders are growing optimistic, with options data indicating a 35% chance of bitcoin surpassing $80,000 by June. Market skew, a key indicator, has recovered from Februarys panic, suggesting traders are dialing back on crash hedges and betting on price stability or growth. Bitcoin currently trades near $70,000, up nearly 5% this month.

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