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Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims $109K

  • 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.

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