news 
Title: Bitcoin (BTC) Hits 4-Year High in Key Metric
Despite the uncertainty surrounding macroeconomic factors such as inflation and potential regulatory changes, the price of Bitcoin has continued to defy expectations by hitting a four-year high in a key metric. This newfound strength could be attributed to the fact that traders have chosen to adopt short-term strategies like range-bound trading and near-term volatility selling, causing the market to remain passive and wait for tangible developments.
Notably, open interest in cryptocurrency options markets has not significantly increased following January’s month-end expiration, indicating a lack of speculative activity. This shift away from speculation could be indicative of traders’ growing skepticism towards Bitcoin as an investment opportunity.
Source: u.today
