Bitcoin reclaims $74K as spot ETF demand clashes with BTC miner sell pressure

Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish.

Key takeaways:

Despite strong ETF inflows, Bitcoin remains tied to the S&P 500 and sensitive to global macroeconomic developments.

Bitcoin futures premiums and miner selling suggest that the bear market persists despite Bitcoin trading above $74,000.

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