The price of bitcoin briefly exceeded $100,000 for the fourth time, leading to a switch in trader sentiment from fear to greed. However, previous research suggests that it may take several attempts for bitcoin to push through the six-figure level. The $90,000 price level has remained firm and provided critical support, with bitcoin staying above it since November 18. The upcoming inauguration of President-elect Donald Trump on January 20 could be a catalyst for a break in either direction. Monitoring leverage through futures open interest reveals that recent price action has been driven more by spot trading rather than leverage.



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