Bitcoin Futures Show Moderate Stress but Buyers Remain

[etfs]

Bitcoin 2-month futures annualized premium (basis rate). Source: Laevitas.ch

Bitcoin’s derivatives market shows muted activity despite bearish funding rates. Perpetual futures annualized funding fell to -7%, meaning short-sellers are paying to maintain positions. While this signals growing conviction from bears, institutional inflows suggest buyers remain active, limiting the likelihood of a major price crash.

Economic indicators provide additional context. US jobless claims slightly exceeded expectations, and indices like the Nasdaq 100 and Russell 2000 remain near all-time highs. These factors suggest that Bitcoin’s sluggishness is not entirely due to worsening macro conditions but may reflect broader market hesitancy amid global uncertainty.

[madtrader]

btc bulls: holding our bags
btc bears: paying us to hate it
me: someone explain how this makes sense