Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims $109K

Description

Bitcoin continues to show upward momentum as it has now finally reclaimed a critical price mark. As of the latest data, BTC briefly traded above $109,000; however, it has since retraced, now trading at $108,959, marking a 3.5% increase over the past 24 hours. This puts the asset less than 1% away from its all-time high of $109,958 recorded in January. The rally builds on weeks of gradual price appreciation, suggesting persistent bullish sentiment among investors. However, while price action appe...