Bitcoin Price Forecast: BTC premium hits 10% for first time in three months, boosting bullish momentum
Bitcoin increases its advance on Wednesday after a 9.75% two-day climb this week.
US spot ETFs received $936.43 million on Tuesday, the most since January 17.
Premiums above 9% for the first time since January 22 as CME futures exposure reached 140,000 BTC.
After a 9.75% two-day run this week, Bitcoin (BTC) is trading over $94,000 on Wednesday. After US President Donald Trump downplays trade war threats with China, BTC rallies.
BTC's latest price climb looks to be supported by institutional demand, as US spot ETFs received $936.43 million on Tuesday. Reports show BTC CME futures exposure at 140,000 BTC and premiums over 9% for the first time since January 22.
On Tuesday, The Wall Street Journal reported that global markets rose after President Trump said he won't remove Fed Chair Jerome Powell. The Trump called 145% China tariffs “very high.” “It won't be that high,” Trump stated. “It will decrease significantly.”
According to sources, US Treasury Secretary Scott Bessent told an investor meeting that he expects the trade battle with China to deescalate and that a solution is possible.
This news alleviated trade war worries, boosting risk-on sentiment as Bitcoin surged 6.77% on Tuesday and ended over $93,400. Wednesday's trade over $94,000 shows further advances.
Bitcoin CME futures rise as leveraged shorts disappear.
On Tuesday, K33 Research reported that CME futures exposure reached 140,000 BTC and premiums above 9% for the first time since January 22, indicating improving mood and long-term demand.
The report also said that Market Participants' activities boosted the Open Interest (OI) by 5,000 BTC during Easter. This increased open interest to 140,000 BTC, a three-week high. CME leverage is rising, although exposure is still low compared to late Q4 to early Q1 levels, when OI momentarily exceeded 200,000 BTC.
