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The data behind this BTC move is seriously Bullish. Bitcoin has pushed to $79,700 while leverage traders are still selling. OI is rising and so is spot volume, which means leverage traders are returning and investors are bidding on any dips aggressively. Coinbase Premium has also improved again, while still remaining negative, so spot demand still has room to keep going up. I think if we’re going to break $80,000+, we need to see spot demand keep rising while OI stays controlled.