Bitcoin hits $68K but BTC futures, macro data show traders remain bearish
Bitcoin rallied to $68,000 as markets responded positively to the prospect of the US and Israel-Iran war ending, but data shows futures traders are not convinced.
Key takeaways:
Bitcoin reclaimed $68,000 as President Trump hinted at ending the Iran War even if the Strait of Hormuz remained partially closed.
Bitcoin derivatives data show high fear, with put options at a premium and low demand for bullish leveraged trades.