#TrumpTariffs The drop in bitcoin price shook investors' 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 BTC's price falling to support levels below USD 115,000.

The drop in bitcoin price shook investors' confidence: Is the bullish trend of 2025 in danger?

Market Analysis

Key takeaways:

BTC options indicate caution, but not a definitive bearish shift in the market.

Outflows from Bitcoin ETFs and futures premiums show sentiment between neutral and bearish, but without panic.

Bitcoin

BTC

€98,218

fell to USD 114,013 on Friday, leading to liquidations worth over USD 200 million in leveraged long positions and damaging confidence in BTC's derivatives markets.

Investors seem to be losing confidence after three consecutive weeks without managing to keep prices above USD 120,000. But does this mean that the bullish trend has come to an end?

Annualized futures premium of Bitcoin for 2 months. Source: Laevitas.ch

Under normal conditions, monthly Bitcoin futures trade with a premium of 5% to 10% compared to spot prices to cover the longer settlement period. The current premium of 6% is the lowest in four weeks, indicating lower demand for leveraged long positions.$BTC