According to PANews, Glassnode co-founder Negentropic has observed that the ratio between Bitcoin futures and spot prices has reached its lowest point this year. Recent price movements have been notably volatile, with several false breakouts and failed declines. Currently, Bitcoin is attempting to return to the critical range of $97,200 to $98,500, which is considered a significant foundation for reaching the $100,000 mark. However, substantial fluctuations in the futures market at this level could trigger more liquidations and lead to price instability.

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