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Bitcoin is clinging to the $60,000 level with what analysts describe as a loose grip, while softness in futures markets has rekindled debate over whether the world's largest cryptocurrency has found a floor after its recent decline.
Weak Futures Signal Caution Among Bulls The futures market is the detail worth watching here.
Soft derivatives positioning typically reflects traders unwilling to commit capital at current prices — a sign that conviction among buyers remains tentative.
When futures premiums compress or open interest thins at a key level, it undermines the case that a bottom is forming with durable demand rather than short-term relief buying.
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