Bitcoin's price has experienced a notable surge, reaching a three-week high of $90K. However, despite this positive movement, market participants appear to be approaching the situation with caution. According to reports, derivatives data and spot ETF flows suggest that traders are exhibiting limited confidence regarding further upside potential for Bitcoin. This cautious sentiment indicates that, while the price increase is significant, there is still uncertainty about whether the bear market is definitively behind us.

Bitcoin's price has experienced a notable surge, reaching a three-week high of $90K. However, despite this positive movement, market participants appear to be approaching the situation with caution. According to reports, derivatives data and spot ETF flows suggest that traders are exhibiting limited confidence regarding further upside potential for Bitcoin. This cautious sentiment indicates that, while the price increase is significant, there is still uncertainty about whether the bear market is definitively behind us.