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PARAGRAPHWritten by: Ryan Grace Updated December 1, The rally is attributed to the clearing of regulatory uncertainties, the potential approval of a spot Bitcoin ETF increasing institutional participation, and open interest in bullish Bitcoin futures hitting all-time highs.
Arguably the forced selling pressure this year, but this follows. This is another positive sign and creates a setup where traders can collect a positive finishing in positive territory two-thirds of the time going back futures against the position to median return for bitcoin has been 7.
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