Bitcoin has reclaimed a critical price mark, trading briefly above $109,000 and currently at $108,959, showing a 3.5% increase over 24 hours.
Spot-to-Futures Ratio on Binance has reached its highest level in 1.5 years, with futures trading volume significantly exceeding spot trading volume.
Elevated speculative interest via futures markets suggests short-term sentiment driving the current rally, potentially indicating caution among traders.
On-chain metrics show high profitability across investor cohorts, with even distribution of gains suggesting market stability despite ongoing macroeconomic risks.