Key Takeaways:
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Bitcoin is stuck below $ 110,000 due to macroeconomic uncertainty and appetite for Nvidia’s income risk.
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Strong BTC ETF ETF inflows and Bitcoin options data are clues that the clarity of the US economy can unlock BTC highs.
The investor’s sentiment improved on May 26 after US President Donald Trump postponed his revenge on the European Union 50% tariffs on imports. European Stock Markets positively respond to development, but Bitcoin (Btc) will not make a $ 110,000 level, which leads to entrepreneurs to ask if a new all-time high remains to be reached.
Although Bitcoin revised the $ 105,000 mark, increasing interest in the institutional and stable derivatives markets suggests that merchants are not oververleverage or remembering about a potential correction.
The demand for leveraged long position of Bitcoin grew, as the BTC Futures premium evidence increased to 8% on May 26. Although it was a moderate increase from 6.5% on the previous day, the scale still sat comfortably within a neutral range of 5% to 10%. For the context, in December 2024, the Bitcoin Futures premium moved to 20% when the BTC exceeded $ 100,000 for the first time.
Will Nvidia’s revenues and US economic data will fade in bitcoin prices?
President Trump’s decision to delay EU import duties to July 9 has reduced market uncertainty, however the broader economic consequences of the ongoing tariff conflict have not yet appeared in corporate revenues. The appetite of the investor’s risk depends on the part of the NVIDIA (NVDA) income report, and the hope for its possible explanation of Bitcoin’s inability to break the preceding highs.
Bitcoin market options have signed an increasing possibility of upward motion. This indicates that the whales and manufacturers of the market remain confident, even in BTC trading only 2.6% below the record of $ 111,957.
Negative 6% Bitcoin Delta Skew options indicate that the options to be placed (sold) trade in a discount, a common feature of bullish markets. Readings closer to zero reflect a more balanced demand between Put and Call (Buy) options – a trend observed on May 25th.
It is likely that the ongoing demand of the institutional institution for Bitcoin will gradually transfer the danger to the world’s largest investment companies. Michael Saylor’s firm, approach, Got $ 427 million The value of Bitcoin between May 19 and May 25th, at an average price of $ 106,237. Meanwhile, the spot bitcoin exchange-traded funds (ETF) found another $ 2.75 billion in the same time.
On the annual JPMorgan investor day on May 19, CEO Jamie Dimon announced that the bank was Finally allow clients To buy Bitcoin ETF spots. While the transition does not include cautious or official recommendations of cryptocurrencies, it opens the door to not direct bitcoin exposure for $ 6 bank trillion to customer deposits.
Related: Bitcoin’s new highs may be driven by the crisis in the Japan Bond market
US markets are closed on May 26 in observing the Holiday of the Day of Remembering. As a result, any optimism arising from the delayed US -EU tariffs may be impulsive by the ongoing concerns surrounding US government debt and the threat of a potential economic backwardness. The recent 5.1% collapse in MBA mortgage applications for the week ending May 23 prompted entrepreneurs to adopt a more careful bearing.
While Bitcoin’s derivatives Metrics will remain healthy, upcoming economic data will be critical for market sentiment. Investors are closely watching the Richmond Fed Manufacturing Index since May 28, followed by PCE inflation data on May 30. These indicators are likely to influence the appetite and the opportunity to break Bitcoin above the $ 112,000 marks in a short time.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
