Bitcoin tops $74.5K but are pro traders turning bullish again?
Bitcoin’s recovery above $74,000 highlights a rapidly improving market, but several data points suggest that pro traders remain cautious and skeptical.
Key takeaways:
Bitcoin derivatives remain bearish as traders hedge against a price drop despite BTC reclaiming the $74,000 level.
Fears of a global energy shortage mount as the Strait of Hormuz remains closed, forcing investors into safe-haven Treasury assets.