Analyst: The recent rebound is still far from a bull market, and Bitcoin breaking through $100,000 faces significant pressure.

BTC-1,34%

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform stating that the recent rebound in the crypto market is still far from a bull market. Currently, market sentiment is very poor, and Bitcoin breaking through $100,000 faces significant pressure. Unless there is a strong buying force to hard push it, a gradual decline will continue. Data from options further confirm this, with IV continuing to decline, Skew remaining negative, and institutional put options continuing to account for the largest trading volume, all signals of a weakening market.

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