Bitcoin dealers’ advanced role in each portfolio in each wallet enhances support 100 thousand dollars
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Bitcoin is struggling to exceed $ 105,000, as the opposite winds of the macroeconomic economy in the United States are still challenging.
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Fixed flows of institutional investors and the $ 100,000 support power for the increased confidence in Bitcoin.
Bitcoin (BTC) has struggled to break more than $ 105,000 since May 10, prompting merchants to ask whether the bullish momentum has faded. Although BTC managed to restore $ 104,000, the demand for long positions has decreased sharply, as shown in the decrease in the Bitcoin Futures premium.
On May 14, the annual Bitcoin Futures premium reached 7 %, but then decreased to 5 %, which is near the neutral threshold to linguistic and coincides with the level that was seen four weeks ago when BTC was traded around $ 84,500.
This decrease in the demand for the Saudi positions with benefiting from it appears to be linked to the uncertainty in the wider macroeconomic economy, as the price of bitcoin was closely following movements in the stock market.
S&P 500 Futures reflected early weakness on May 15, coinciding with Bitcoin’s recovery from 101,800 dollars to $ 104,000. Investors seem to be more confident that the US Treasury will have to inject liquidity after Federal Reserve Chairman Jerome Powell warned that “supply shocks” could keep interest rates higher for a longer period than expected.
Signs of economic weakness also appeared. The US Labor Statistics Office reported that the producers’ price index in April decreased by 0.5 % from the previous month, while economists surveyed by FactSet expected a 0.2 % increase. According to Reuters, the delicacy of the investor limited risks is affected by the ongoing global trade TensionsSince the US tariff agreement – China remains just a temporary solution.
The demand for fixed income increased, with the return on the US cabinet for 10 years to 4.45 % after reaching 4.55 % on May 14, reflecting the direction of the previous week. Historically, Bitcoin tends to perform better when government bond revenues rise, as these signals reduce confidence in the treasury’s ability to manage its debts.
Bitcoin collects to 105,000 dollars depending on macroeconomic trends
To assess whether traders simply avoid leverage or betting actively on low prices, it is useful to analyze demand for bitcoin options. Usually, the periods of the biblical emotions pay the BTC DELTA SKEW index higher than the 6 % neutral threshold.
Contrary to expectations, Bitcoin Put (SELL) options were traded with a discount compared to communication options (purchase), indicating strong confidence in the support level of $ 100,000. However, the optimism seen on May 14 faded, with the index now by -4 % neutral.
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Since the price of Bitcoin has been closely reflected in the US stock market, opportunities to break $ 105,000 depend on total economic developments, such as trends in the public budget of the American Federal Reserve and the risk of stagnation. It is worth noting that Bitcoin’s high association with S&P 500 rarely lasts for more than two months.
The $ 320 million net flows indicate the American Bitcoin Trading Funds (ETFS) on May 14th to the ongoing institutional demand. This indicates that investors gradually convert their vision of bitcoin of risk to an unrelated tool, which may reduce the possibility of sharp price corrections, even in the absence of strong emerging sites.
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