Bitcoin Futures: Cautious Optimism Amidst Short-Term Volatility

Despite a temporary dip below $89,000 this Wednesday following an unsuccessful attempt to reach $93,500, Bitcoin’s derivatives markets indicate continued resilience. While leveraged bullish positions were liquidated totaling around $144 million, overall market stress remains limited. The stability of Bitcoin’s derivatives markets suggests traders are cautiously optimistic amidst prevailing macroeconomic headwinds.