The stars are aligning for Bitcoin to rise to $100,000, but futures traders remain cautious — Here’s why

There is moderate optimism in Bitcoin derivative data, but not everyone believes that a new record high is "in the cards".

Key points to remember:

BTC reached $97,900 due to increased demand from institutional investors, but futures prices show traders do not trust a sustainable rally.

Macroeconomic risks and global trade tensions limit optimistic sentiment despite $3.6 billion flowing into spot BTC ETFs.

BTC options are trending bullish, indicating that major players expect upward momentum, but their caution keeps leverage usage low.

Bitcoin broke out of a tight trading range between $93,000 and $95,600 on May 1, after six days of limited volatility. Although it reached a ten-week high of $97,930, sentiment remains neutral according to BTC derivative indicators. This price volatility occurred alongside significant net inflows into Bitcoin funds traded on U.S. spot exchanges (ETFs).

Some disappointment among traders may stem from ongoing global tariff disputes, which are beginning to impact macroeconomic data. Bitcoin traders are concerned that, despite increasing interest from institutional investors, fears of an economic recession could limit price performance. This concern reduces the likelihood of BTC reaching $110,000 or higher by 2025. #BTC100K