BTC up 6.4% in 12 hours, surpassing $61,000 for the first time in 3 weeks! 🎉 However, the derivatives market is still not optimistic, leaving many worried about whether BTC can hold $60,000.
- BTC mirrors the S&P 500, hitting a new high after positive economic data.
- US retail sales rose 0.1% in August, industrial production rose 0.8%.
- US bond market predicts a 63% chance of a 0.50% Fed rate cut.
BTC derivatives show indifference, with premium futures steady at 6%. Will $61,000 become support?
- BTC 25% options skew is near 2%, indicating neutral sentiment.
- Stablecoin demand in China is weak, USDT trades at a 0.3% discount.
Derivatives data shows BTC investors remain cautious, especially ahead of the Fed’s decision on September 18. What do you think? Comment now! 💬