Bitcoin has been struggling to stay above $95,000 since late December, with bulls facing significant liquidations and bears showing less interest as prices dipped below $92,000. Open interest in Bitcoin futures has dropped to its lowest in two months, indicating a reduced appetite for leveraged positions. Despite this, the futures premium has risen to 15%, suggesting continued bullish sentiment. Meanwhile, U.S. fiscal concerns, including potential debt ceiling issues, are creating mixed signals for Bitcoin investors, with some viewing it as a hedge against traditional market risks.
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