Bitcoin Rallies Higher Even As Derivatives Lack Conviction
Cointelegraph
Bitcoin recently surpassed $81,000, but derivative markets show cautious sentiment despite robust institutional demand from spot ETFs.Summary
Bitcoin has surged past $81,000, yet derivative data reveals a lack of investor optimism, with futures basis rates and option skews remaining subdued. While macroeconomic concerns and declining retail onchain activity suggest potential weakness, strong net inflows into US spot Bitcoin ETFs indicate significant institutional demand. Analysts suggest that the lack of leveraged bullish positions could paradoxically fuel further price increases as short sellers are forced to cover their positions during upward movements.
(Source：Cointelegraph)