Bitcoin Eyes Uncertain Future as Market Signals Shift
Main Idea
Bitcoin's long-term outlook is uncertain as market signals indicate a shift in investor expectations and macroeconomic uncertainties impact its price.
Key Points
1. The 180-day options skew on Deribit has fallen to zero, suggesting a lack of bullish expectations for Bitcoin's long-term performance.
2. A similar trend was observed at the beginning of the previous bear market, indicating potential caution among investors.
3. Bitcoin's price fell by approximately 4% last week, influenced by macroeconomic factors such as the U.S. core PCE index increase and proposed tariffs.
4. Market analysts are awaiting key economic data releases, including ISM services PMI, July CPI, and PPI, to gauge future market movements.
5. JPMorgan reports suggest that new tariffs could lead to inflation rises in the U.S., affecting cost pressures and interest rate expectations.
Description
Bitcoin's long-term outlook has become more pessimistic due to market changes. Experts note a neutral market stance, affecting bullish expectations. Continue Reading: Bitcoin Eyes Uncertain Future as Market Signals Shift The post Bitcoin Eyes Uncertain Future as Market Signals Shift appeared first on COINTURK NEWS .
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