Market sentiment continues to slide away from greed but remains relatively stable in terms of sell pressure. Traders are uncertain about whether Bitcoin will experience a major retracement or if it could push above $100,000 before the end of December. The latest Bitcoin activity suggests that demand is recovering slowly, as shown by positive ETF inflows and increasing large holder flows.
However, the current market sentiment remains cautiously optimistic with a slight dip in bullish enthusiasm, as indicated by the fear and greed index. Open interest in derivatives has also declined, signaling a reduced demand for Bitcoin in this segment
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