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What Crypto Derivatives Say About Bitcoin's Record Price

2025-07-11 05:58:26

What Crypto Derivatives Say About Bitcoin's Record Price

Main Idea

Bitcoin's price surge and market dynamics are analyzed, highlighting liquidations, market sentiment, and economic factors influencing its rise.

Key Points

1. Bitcoin's price surged above $117,500, leading to over $1 billion in liquidations, with $963 million from short positions.

2. Market analysts attribute Bitcoin's fragility to 'short-covering rather than new inflows,' despite recent gains.

3. Bitcoin's spot order book remains ask-heavy, and funding rates indicate mild bullish sentiment without signs of overheating.

4. A weakening U.S. economy and a sliding dollar (DXY index at 96.37) have contributed to Bitcoin's appeal as a digital alternative to gold.

5. Analysts expect Bitcoin's uptrend to continue, with strong options market positioning and open interest around $115,000 and $120,000 strike calls.

Description

Despite Bitcoin’s push to a new all-time high, the price outlook remains cautiously optimistic, Decrypt was told.

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