Bitcoin price dip shakes trader confidence: Is the 2025 bull run in danger?
Main Idea
Bitcoin's price drop to $114,013 has raised concerns about trader confidence and the sustainability of the 2025 bull run, but derivatives data does not yet indicate a bearish market shift.
Key Points
1. Bitcoin fell to $114,013, causing over $200 million in liquidations of leveraged bullish positions and impacting BTC derivatives sentiment.
2. Bitcoin's correlation with the S&P 500 has climbed above 70%, trading more like a high-risk tech stock rather than 'digital gold.'
3. Demand for 1-year US Treasuries has risen, reflecting investor caution amid weaker job market data and rising unemployment.
4. BTC options market shows a shift from bullish to bearish sentiment, with put options trading at a premium over call options.
5. Despite the dip, derivatives data does not yet signal an end to the 2025 bull run, and August is historically a slow month for Bitcoin except in post-halving years.
Description
Bitcoin derivatives data shows no evidence the 2025 bull run is over despite BTC price sliding to lower support levels below $115,000.
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