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Bitcoin traders are now more cautious about price rallies

Shift in Trading Behavior: Bitcoin traders are shifting their behavior, avoiding aggressive pursuits of record highs. Recent options data signals that investors are less inclined to chase peaks, indicating a substantial transformation in trading strategies impacting market sentiment.

Growing Market Skepticism: The decrease in aggressive trading among Bitcoin investors may stem from growing skepticism about future bull markets. This cautious stance reflects a significant change in market dynamics, influencing overall trading patterns and investor confidence.

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