Bitcoin traders’ evolving view of BTC’s role in every portfolio bolsters $100K support

Key takeaway:Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence in Bitcoin. Bitcoin (BTC) has struggled to break above $105,000 since May 10, leading traders to question whether the bullish momentum has faded. Although BTC managed to reclaim the $104,000 level, demand for leveraged long positions has dropped sharply, as indicated by the decline in the Bitcoin futures premium source: https://cointelegraph.com/news/bitcoin-traders-evolving-view-of-btc-s-role-in-every-portfolio-bolsters-100-k-support?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound