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Bitcoin ($BTC) pushed for a reclaim of $64,000 even as at least one trader labeled the advance "suspicious" and placed a potential top near $66,000.
The rally came with headwinds on two fronts: a partial resurgence in US-Iran war risk and a continuation of spot selling pressure on Binance that had been building through the week.
Binance Spot Sellers Hold the Line The selling pressure out of Binance's spot market was the mechanical story here, not some abstract macro mood.
Spot selling — actual holders moving coins into the order book, not derivatives players adjusting leverage — carries a different weight than futures noise.
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