Bitcoin Traders Remain Bullish Despite Price Swings and Regulatory Uncertainty
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Bitcoin derivatives market remains bullish despite recent BTC price drop and regulatory actions against exchanges. This suggests professionals are unfazed by short-term volatility.
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There is growing apathy among retail investors due to lack of near-term catalysts like a spot Bitcoin ETF approval, as seen in declining USDT premium in China.
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Binance's deal with regulators did not significantly impact market sentiment, though effects of increased scrutiny remain uncertain.
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Divide between professional and retail traders' optimism levels may be explained by differing time horizons.
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Recent regulatory actions could increase institutional participation in the future, presenting a potential upside.