Bitcoin derivatives data suggests BTC price holds the current range

Bitcoin experienced a 5% increase after testing the $25,000 support level on Sept. 11. However, this breakout rally doesn’t necessarily indicate a victory for bulls. To put today’s price action in perspective, Bitcoin (BTC) has witnessed a 15% decline since July. In contrast, the S&P 500 index and gold have maintained relatively stable positions during this period. 

This underperformance demonstrates that Bitcoin has struggled to gain momentum, despite significant catalysts such as…

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