Bitcoin has been pulling back from nearly 81,000 in recent days. Looking at the position data in the derivatives market, traders are acting quite cautiously — which indicates we may see more volatility soon. Especially the movement of Bitcoin against the Dubai currency and other global assets shows that institutional investors are hesitant to take positions at this time. In short, we are currently in a waiting mode in the market. As long as derivative data does not provide a clear direction, there are traders who prefer to wait for a safer entry point.