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BTC Reaches Above $90,000, Near Three-Week High, But Market Confidence in Further Upside Limited
Summary: According to reports, the price of Bitcoin rose above $90,000 today, reaching a near three-week high. However, the flow of funds in derivatives and spot ETFs shows that traders remain cautious, indicating limited market confidence in further price increases. Data shows that despite the price rebound, demand for Bitcoin leveraged long positions remains stable, with ...
According to reports, the price of Bitcoin rose above $90,000 today, reaching a near three-week high. However, the flow of funds in derivatives and spot ETFs shows that traders remain cautious, indicating limited market confidence in further price increases. Data shows that despite the price rebound, demand for Bitcoin leveraged long positions remains stable, with Bitcoin futures basis below the neutral threshold, currently at a 4% annualized premium. Bitcoin spot ETFs have recorded net outflows of over $900 million since December 15, and Bitcoin put options traded at a premium on Saturday, indicating an increased demand from professional traders for downside risk protection.
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Link: BTC Reaches Above $90,000, Near Three-Week High, But Market Confidence in Further Upside Limited [Copy]
