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Story summary
- Bitcoin fell 4.2% on Friday, dipping below $69,000 amid weaker U.S. jobs data and the ongoing Middle East conflict.
- Traders remain cautious after a surge above $74,000, and many hedge with downside protection.
- Open interest in Bitcoin options concentrates around $60,000, suggesting traders doubt the rebound's durability.
- Institutional interest in Ethereum is rising, with significant inflows into ETFs.
- Bitcoin's market depth remains low, reinforcing thin liquidity.
