Bitcoin futures data aligns with BTC traders’ hope for new all-time highs
The post Bitcoin futures data aligns with BTC traders’ hope for new all-time highs appeared on BitcoinEthereumNews.com.
Key takeaways: Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations. Weak stablecoin demand in China and the limited use of futures leverage suggest Bitcoin’s current rally is sustainable. Bitcoin (BTC) price has displayed strength at the $102,000 support level on May 19, following the $170 million in liquidations of leveraged positions. The abrupt $5,000 correction after hitting $107,090 may have been unexpected, but it does not mean the odds of reaching an all-time high in the near term are lower, especially since Bitcoin derivatives metrics have shown resilience. Bitcoin 1-month futures annualized premium. Source: laevitas.ch The annualized one-month futures premium for Bitcoin remained close to 6% despite the retest of $102,000 support. This current level is within the 5% to 10% neutral range, which has been the norm over the past week. While at first glance such data might suggest a lack of optimism, at the same time, it proves that the buying pressure is coming from the spot market rather than from leveraged bets. Japan bond spike and credit fears weigh on Bitcoin sentiment Some analysts attribute Bitcoin’s correction to comments by Japan’s Prime Minister Shigeru Ishiba on the country’s fiscal situation being “undoubtedly extremely poor,” as reported by Bloomberg. Japan 15-year government bond yield. Source: TradingView / Cointelegraph Yields on Japan’s long-term government bonds soared to their highest level ever on May 19 as traders demanded higher returns, signaling a lack of trust. Japan is the largest holder of US Treasury bonds, so investors are concerned about contagion risks at a delicate moment for the global economy, especially as the ongoing trade war has severely limited growth prospects. The fact that Moody’s rating agency cut the US government’s long-term credit rating to AA1 from AAA…
Filed under: News - @ May 20, 2025 6:28 am