key takeaways:
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Bitcoin is stuck below $ 110,000 due to macroeconomic uncertainty and Nvidia’s earnings cap risk hunger.
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Strong Spot BTC ETF inflow and bitcoin option data indications are that US economic clarity can unlock BTC high.
Investor spirit improved on 26 May after US President Donald Trump postponed his Anti -Anti -Radio European Union on imports on imports. European stock markets gave positive response to development, but bitcoin (BTC) It was unable to hold a level of $ 110,000, leading trader to question whether a new all-time remains within high reach.
Even if Bitcoin reflects the mark of $ 105,000 again, the growing institutional interest and strong derivative markets indicate that the faster traders are neither overgrowth nor concerned about possible improvement.
The demand for leveraged long bitcoin posts increased, as increased by BTC Futures Premium to 8% on 26 May. Although it was a slight increase from 6.5% on the previous day, metric still sits comfortably within a neutral range of 5% to 10%. For reference, in December 2024, the bitcoin futures premium increased by 20% when BTC first crossed $ 100,000.
Will NVIDIA ignite the price of income and US economic data bitcoin?
President Trump’s decision to delay the import duties of the European Union by July 9 reduced some market uncertainty, yet the massive economic consequences of the ongoing tariff struggle have been shown in corporate income so far. Investor risk hunger now rests on the earnings of May 28 on NVIDIA (NVDA), and anticipation for this possibly explain the inability to break the bitcoin through its previous heights.
Bitcoin options markets are indicating the growing possibility of movement upwards. This suggests that whales and market manufacturers are filled with confidence, even with BTC trading, just 2.6% below their record high of $ 111,957.
Negative 6% bitcoin option delta indicates that put (cell) option trading at the discount, rapidly a distinctive feature of markets. Close to zero reading puts and calls (purchases) reflect a more balanced demand between options – the tendency visible on 25 May.
It is likely that the institutional demand for bitcoins is gradually transferring the perception of risk between the world’s largest investment firms. Michael Sayler’s firm, strategy, Acquired $ 427 million The value of bitcoin between 19 and 25 May at an average price of $ 106,237. Meanwhile, the spot bitcoin exchange-traded funds (ETFs) saw one and $ 2.75 billion in income during the same period.
During JP Morgan’s annual investor Day on 19 May, CEO Jamie Dimon announced that the bank will be there Finally allow customers Spot bitcoin to buy ETF. While the move does not involve cryptocurrency’s custody or official recommendations, it opens the door for indirect bitcoin exposure for the bank’s $ 6 trillion in customer deposits.
Connected: The new height of bitcoin may be operated by Japan Bond Market Crisis
The American markets are closed on 26 May under the Memorial Day Holiday. As a result, any optimism arising from the US -the tariff of the US Union may be angry with the ongoing concerns. US government loan And the risk of a possible economic recession. The recent 5.1% decline in MBA mortgage applications for the week ended on May 23 inspired traders to take a more cautious stance.
Whereas Bitcoin derivative Matrix remains healthy, the upcoming economic data will be important for the market spirit. Investors are closely looking at the Richmond Fed Manufacturing Index on 28 May, followed by PCE inflation data on 30 May. These indicators will affect the risk of risk and will be likely to break bitcoin above a mark of $ 112,000 in the short term.
This article is for general information purposes and is not intention and should not be taken as legal or investment advice. The ideas, ideas and opinions expressed here are alone of the author and not necessarily reflected or represented the ideas and ideas of the components.
