Stars align for Bitcoin rally to $100K, but futures traders exercise caution — Here’s why

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Moderate optimism can be seen in Bitcoin derivatives data, but not everyone is convinced that new all-time highs are “programmed.”

Key takeaways:

BTC hit $97,900 due to soaring institutional investor demand, but futures pricing shows traders aren’t confident in a sustained rally.

Macroeconomic risks and global trade tensions cap bullish sentiment despite $3.6 billion in spot BTC ETF inflows.

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