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Bitcoin Rises to $109,700, Professional Traders Cautious on Price Momentum
By: odaily.com|2025/07/03 11:06:26
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Odaily News Bitcoin briefly tested $105,200 support on Wednesday before rising to over $109,000, close to its all-time high, but BTC derivatives data showed that traders remained cautious and did not go bullish on a large scale. The expansion of the eurozones money supply and the weakness of the U.S. labor market are important drivers of the market. Chinas USDT discount reached 1%, a new low since mid-May, reflecting investors lack of confidence in Bitcoins rise. Spot Bitcoin ETFs had a net outflow of $342 million on Tuesday, and trade tensions have exacerbated market uncertainty. (Cointelegraph)
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