Bitcoin reclaims $74K as spot ETF demand clashes with BTC miner sell pressure
Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish.
Key takeaways:
Despite strong ETF inflows, Bitcoin remains tied to the S&P 500 and sensitive to global macroeconomic developments.
Bitcoin futures premiums and miner selling suggest that the bear market persists despite Bitcoin trading above $74,000.