Bitcoin price back at $90K: Is the bear market behind us?

Bitcoin hit a three-week high, but derivatives and spot ETF flows show traders remained cautious, signalling limited confidence in further upside for now.

Key takeaways:

Bitcoin rose above $90,000, yet options data show traders are not comfortable with downside risk exposure.

Bitcoin spot ETF outflows and low leverage demand suggest investors remain cautious about near-term gains.

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