Bitcoin futures, options market flash caution even as BTC chases $70K

Bitcoin bulls are chasing after $70,000 but cautious signals from the futures and derivatives market could explain why success remains elusive.

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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