Bitcoin Takes a Dip, But Futures Stay Strong 💪
$BTC price dipped to $67K on October 21, reversing recent gains. Traditional investors took some risk off the table, fearing a stock market spillover. Despite the dip, Bitcoin futures showed no signs of panic. The futures premium stayed stable, hovering around 9%, indicating that traders remain confident in Bitcoin's long-term potential. 📉💼
Futures Market Holds Steady 📊
Even as $BTC retraced, the futures market maintained a bullish outlook with the premium within a healthy range. Traders seem unfazed by short-term price drops, suggesting the bulls are still in the game. 📈
Takeaway:
No bearish bets in the futures market = Bitcoin is still in for a ride! This might just be a brief shakeout before the next big move. 🌍