Bitcoin climbs above $112K, but derivatives data show traders remain cautious
Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&P 500 index.
Key takeaways:
Bitcoin options skew and futures funding rates highlight persistent caution, despite BTC defending the $110,000 support level.
spot Bitcoin ETF outflows and Strategy’s S&P 500 index negative decision continue weighing on trader sentiment.