Bitcoin's recent decline to $114,013 has resulted in over $200 million in liquidations of leveraged bullish positions, raising trader sentiment concerns. Despite the dip, BTC options show caution rather than an outright bearish market shift, as the current 6% premium in Bitcoin futures indicates weaker demand. Additionally, Bitcoin's price has been closely correlated with the S&P 500, demonstrating it is being viewed more as a high-risk asset amid ongoing global trade tensions. The options market reveals a 5% delta skew, indicating a cautious sentiment as traders express less confidence in maintaining support above $114,000. Moreover, significant outflows from Bitcoin exchange-traded funds further impact investor sentiment. However, there are no definitive signs suggesting the 2025 bull run is in jeopardy, and data shows a historical slowdown in August for Bitcoin, apart from post-halving years. Overall, despite current price pressures, institutional interest remains, hinting at potential resilience in future market trends.

Source đź”—