Analysis: Bitcoin returns to $90,000, but derivatives and spot ETFs indicate that market sentiment remains cautious.

MarsBitNews · 2026-01-03T14:38:11+00:00

Bitcoin price breaks through $90,000, reaching a nearly three-week high. Despite the price rebound, leveraged long demand remains steady, and the futures basis rate is below the neutral threshold, indicating limited market confidence. Since December 15, Bitcoin spot ETF net outflows have exceeded $900 million, and professional traders' demand for downside risk protection has increased.

MarsBitNews

2026-01-03 14:38:11

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Mars Finance News, according to market reports, Bitcoin price has risen above $90,000, reaching a nearly three-week high. Data shows that despite the price rebound, demand for Bitcoin leveraged long positions remains steady, Bitcoin futures basis is below the neutral threshold, and the current annualized premium is 4%. Additionally, fund flows in derivatives and spot ETFs indicate that traders remain cautious, suggesting limited market confidence in further price increases. Since December 15, Bitcoin spot ETFs have recorded over $900 million in net outflows, while Bitcoin put options traded at a premium on Saturday, indicating increased demand from professional traders for downside risk protection.

BTC1,96%

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