Bitcoin Bullish Phase Forms, but Overbought Conditions Signal Caution
Key Highlights CryptoQuant analysis indicates Bitcoin has exited extreme bubble-or-crash conditions and is gradually approaching a full-fledged bullish rally after a period of correction and consolidation. JPMorgan reports institutional investors are more defensively positioned toward Bitcoin than gold, with heavy put-option activity around ETFs such as BlackRock’s IBIT creating potential for $1 trillion in hedge ...