CoinVoice has learned that, according to Cointelegraph, Bitcoin price has risen above $90,000, reaching a nearly three-week high. Data shows that despite the price rebound, demand for Bitcoin leveraged long positions remains steady, Bitcoin futures basis is below the neutral threshold, and the current annualized premium is 4%.
Additionally, fund flows in derivatives and spot ETFs indicate that traders remain cautious, suggesting limited market confidence in further price increases. Since December 15, Bitcoin spot ETFs have experienced net outflows of over $900 million, while Bitcoin put options traded at a premium on Saturday, indicating increased demand from professional traders for downside risk protection.
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CoinVoice has learned that, according to Cointelegraph, Bitcoin price has risen above $90,000, reaching a nearly three-week high. Data shows that despite the price rebound, demand for Bitcoin leveraged long positions remains steady, Bitcoin futures basis is below the neutral threshold, and the current annualized premium is 4%.
Additionally, fund flows in derivatives and spot ETFs indicate that traders remain cautious, suggesting limited market confidence in further price increases. Since December 15, Bitcoin spot ETFs have experienced net outflows of over $900 million, while Bitcoin put options traded at a premium on Saturday, indicating increased demand from professional traders for downside risk protection.