Bitcoin is heading toward $75,000, but it feels like we're hitting constant obstacles. Since the SEC and CFTC announced new cryptocurrency guidelines, the market seems a bit cautious.



Looking at crypto futures exchanges, recent trading volumes are quite high, but prices are struggling to rise easily. Regulatory uncertainty seems to be making large funds cautious. In particular, institutional investors are also seen closing their positions on crypto futures exchanges.

From conversations with other crypto futures traders, everyone shares a similar view. A clearer policy direction is needed before breaking through $75,000. For now, it might be a waiting game.
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