Bitcoin Rally Has Further Upside as Volatility Shorts Unwind, Analyst Says

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Two Prime CEO Alexander Blume has suggested that Bitcoin's ongoing rally still has room to grow. He pointed to subdued funding rates as a sign that excessive speculation is not yet driving the rebound. Continued call selling in the options market further supports the view that sentiment remains measured. Blume's comments indicate that the unwinding of volatility short positions could fuel additional upward momentum for Bitcoin.

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