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BTC Futures Hit 3-Month Low – Options Market Turns Bearish as Bitcoin Stalls Near Record Levels
BTC Futures Hit 3-Month Low – Bitcoin’s derivatives market is showing signs of weakness, even as the cryptocurrency trades just 8% below its all-time high near $103,300. This divergence between price action and derivatives sentiment has raised concerns among analysts and investors alike.
Futures Premium Hits 3-Month Low
According to recent data, the Bitcoin futures premium—the difference between futures and spot prices—has dropped below 4%, marking its lowest point in three months. Typically, under healthy market conditions, this premium ranges from 5% to 15%, compensating traders for longer settlement periods. The current slide follows Bitcoin’s rejection at the $110,000 resistance level, despite the broader market holding relatively firm.
This decline is even more notable when compared to earlier periods of volatility. For instance, the premium is now lower than it was in early April when Bitcoin plummeted 10% to $74,440 in a single day.
Options Market Reflects Cautious Sentiment
The Bitcoin options skew, which measures demand between call and put options, has risen to +5%, indicating growing demand for protective puts. This shift toward bearish sentiment contrasts sharply with the -5% bullish skew observed on June 9, when BTC briefly surged to $110,500.
Macro Pressures vs. Institutional Strength
The cautious tone in derivatives comes amid rising recession risks, Middle East tensions, and persistent U.S. inflation, with interest rates remaining above 4.25%. However, institutional demand paints a different picture. U.S.-listed Bitcoin spot ETFs saw $5.14 billion in inflows over the past 30 days, with major firms like Metaplanet, H100 Group, and The Blockchain Group increasing their BTC holdings.
While price action holds above $100,000, market sentiment remains fragile. Sustained consolidation near this psychological level could embolden bears, unless new catalysts restore trader confidence in the short term.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
