The stars are in line with the Bitcoin raising to 100 thousand dollars, but futures traders are cautious – here is the reason

Main meals:

• BTC amounted to 97,900 dollars due to the high demand for institutional investors, but future prices show that traders are not confident in a continuous gathering.

• The risks of macroeconomic economics and global commercial tensions CAP upward feelings despite $ 3.6 billion in instant BTC ETF flows.

• BTC Options Lean Bullish, indicating the expectation of big players to the upward trend, but their warning maintains the use of low use.

Bitcoin (BTC) broke out of a narrow trading range between $ 93,000 and $ 95600 on May 1, after six days of the limited movement. Although he reaches the highest price in ten weeks at 97,930 dollars, the feelings remain neutral according to the indicators of BTC derivatives. This basic procedure occurred along with the net large flows in Bitcoin boxes circulating in the United States (ETFS).

Some disappointment between merchants can be attributed to the ongoing global tariff dispute, which has begun to affect macroeconomic data. Bitcoin traders are concerned that despite the increasing interest of institutional investors, fears of economic recession may limit prices. This anxiety reduces the possibility of reaching $ 110,000 or higher in 2025.

The annual premium for future bitcoin contracts remained two months between 6 % and 7 % during the past week, and remained within the neutral range from 5 % to 10 %. Compared to January, when Bitcoin was trading near 95,000 dollars and the installment premium was above 10 %, the morale of the merchants was placed. This data indicates less optimism, or at least less condemnation, in more price gains about $ 100,000 and above.

Gold performance exceeds the modest bitcoin gains

Some market participants indicate an increase of 20 % of gold, from $ 2,680 to $ 3220, as a source of concern. Although Bitcoin recently exceeded the 1.8 trillion dollar market value to become the seventh largest global trading assets, increasing the huge evaluation of $ 21.7 trillion has overwhelmed this achievement. Investors are concerned that Bitcoin’s strong association with the stock market has reduced the attractiveness of its “digital gold”.

There is also a possibility that the 3.6 billion dollars will be driven in net flows in the United States over the past two weeks with neutral strategies. In this scenario, the bitcoin holders who move to the listed products or using hedges are reflected. If so, the direct effect on the price will be limited, which is in line with the modest Bitcoin profit by 5 % during this period.

To determine whether professional traders are comfortable with Bitcoin about $ 97,500, it is useful to check the BTC Options Market.

Metric is 25 % of Delta Squew Metric currently near its lowest levels since February 15, indicating that whales and market makers have a higher possibilities for more upward trend from here. This is a sharp reflection three weeks ago, when options (sale) are circulated in a calendar.

Related to: Bitcoin is not sure that the recession is waving on the horizon, the start of tariff talks and the United States of China

Bitcoin derivatives prefer more BTC price gains

In general, bitcoin derivatives refer to moderate optimism. Traders generally expect more price gains, but the bulls refrain from using the leverage. Some may argue that this creates the ideal conditions for a sudden crowd, especially since re -testing $ 74,500 on April 9 did not significantly affect BTC derivatives.

The most important factor that affects Bitcoin’s performance remains the commercial relationship between the United States and China. As long as the trade war continues, Bitcoin will continue to track the S&P 500 movements. While this environment may prevent Bitcoin from reaching the highest new level in the short term, BTC derivatives are currently tending for the bulls.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.