Key takeaways:
- Bearish Bitcoin futures premiums and low call option odds suggest traders remain skeptical despite BTC’s brief 4% relief rally.
- High oil prices and cautious Fed policy continue to pressure risk assets, while Bitcoin derivatives metrics signal a lack of conviction.
Bitcoin (BTC) surged 4% within minutes of US President Donald Trump announcing his intention to temporarily de-escalate the conflict in Iran and pursue negotiations. While oil prices immediately tumbled 14% to $85 per WTI barrel and the S&P 500 climbed 3%, Bitcoin derivatives metrics continued to signal skepticism and a lack of confidence in the $68,000 support level.
Bitcoin futures traded at a 2% annualized premium relative to regular spot markets…
more
Source cointelegraph.com
FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.
Terms of use and third-party services. More here.