The fall in the price of bitcoin shook investor confidence: Is the bullish trend of 2025 in danger?
Data on Bitcoin derivatives show no signs that the bullish trend of 2025 has ended, despite the price of BTC falling to support levels below USD
Bitcoin
BTC
€96,909
fell to USD 114,013 on Friday, leading to liquidations worth over USD 200 million in leveraged long positions and harming confidence in BTC derivative markets.
Investors seem to be losing confidence after three consecutive weeks of not being able to maintain prices above USD 120,000. But does this mean that the bullish trend has come to an end?
Under normal conditions, Bitcoin monthly futures trade at a premium of 5% to 10% compared to spot prices to cover the longer liquidation period. The current premium of 6% is the lowest in four weeks, indicating lower demand for leveraged long positions.
Although this is not very bearish, it indicates lower confidence despite high institutional demand.
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