Bitcoin derivatives maintain a neutral to bullish stance, indicating that significant price fluctuations have not notably affected market sentiment. This positioning supports the likelihood of gold prices continuing to rise above $105,000.
Both the Bitcoin derivatives and margin markets show bullish momentum, despite record fund outflows from BlackRock's iShares Bitcoin Trust ETF (IBIT) on December 24. Additionally, the resilience demonstrated when re-testing the level of $92,458 on December 23 has reinforced optimism that Bitcoin could potentially reach $105,000 or even higher.