Bitcoin and ether retreated Monday as tensions in the Middle East triggered a spike in crude oil, forcing traders into defensive derivatives positioning. Bitcoin remains trapped in a monthslong trading range after failing to clear resistance at $74,000. Short interest is rising for some major altcoins, like cardano, and broader market sentiment shows a preference for downside protection through put options. Speculative memecoins and select DeFi tokens outperformed the wider market as investors…
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