Bitcoin climbs above $112K, but derivatives data show traders remain cautious

Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&P 500 index.

Key takeaways:

Bitcoin options skew and futures funding rates highlight persistent caution, despite BTC defending the $110,000 support level.

spot Bitcoin ETF outflows and Strategy’s S&P 500 index negative decision continue weighing on trader sentiment.

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