#Bitcoin❗ battle for $70K continues as data shows traders avoiding bullish positioning.

Rising inflation concerns weigh on Bitcoin’s breakout as traders refuse to take on bullish positions, despite Monday’s 4% price bounce.

Key takeaways:

.Bearish Bitcoin futures premiums and low call option odds suggest traders remain skeptical despite $BTC ’s brief 4% relief rally.

.High oil prices and cautious Fed policy continue to pressure risk assets, while Bitcoin derivatives metrics signal a lack of conviction.