Bitcoin faces $80,000 resistance as derivatives shows signs of risk aversion

CoinDesk3h agoUpdated 2h ago
Bitcoin faces $80,000 resistance as derivatives shows signs of risk aversion
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Bitcoin struggles near $80,000 as profit-taking and risk aversion intensify. Derivatives data shows falling open interest, heavy long liquidations, and subdued volatility, signaling deeper declines ahead. U.S. inflation data and rising bond yields weigh on risk assets. Pump.fun introduces charity features as PUMP token underperforms. Market makers likely to sell rallies, capping upside momentum for crypto investors.

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