Bitcoin’s all-time high gains vanished hours later: Here’s why

Traders send mixed signals after Bitcoin falls to $117,000 a day after hitting new all-time highs.

Key takeaways:

BTC futures premium remains neutral, indicating traders were unfazed by the recent $6,630 price drop.

The Bitcoin options skew and macroeconomic concerns suggest limited appetite for a breakout above $120,000.

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