Bitcoin futures and options markets flash caution as BTC chases $70K

Bitcoin bulls are chasing $70,000, but caution in futures and options markets may explain why the rally has struggled to gain traction.

Key takeaways:

Bitcoin derivatives show persistent fear despite the current rally toward $70,000, as seen by futures premiums being pinned well below neutral levels.

The markets’ cautious stance stems from broad risk-aversion and lingering concerns over institutional BTC liquidations and Bitcoin network security.

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