Bitcoin tops $74.5K but are pro traders turning bullish again?

Bitcoin’s recovery above $74,000 highlights a rapidly improving market, but several data points suggest that pro traders remain cautious and skeptical.

Key takeaways:

Bitcoin derivatives remain bearish as traders hedge against a price drop despite BTC reclaiming the $74,000 level.

Fears of a global energy shortage mount as the Strait of Hormuz remains closed, forcing investors into safe-haven Treasury assets.

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