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Bitcoin rise pauses as oil jumps, Fed caution spurs more futures selling

Bitcoin slipped to around $62,000 amid a risk-off move in global markets as oil rose and investors watched the U.S. Federal Reserve. Cointelegraph reported the token was down about 2 percent over 24 hours. Futures positioning swung from net buying a day earlier to heavy selling as traders cut exposure ahead of Fed minutes. Derivatives indicators weakened and long liquidations dominated, while spot inflows and spot bitcoin ETF buying suggested demand remained.