{"id":53854,"date":"2025-09-09T04:55:37","date_gmt":"2025-09-09T04:55:37","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53854"},"modified":"2025-09-09T04:55:38","modified_gmt":"2025-09-09T04:55:38","slug":"bitcoin-climbs-above-112k-but-derivatives-data-show-traders-remain-cautious","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53854","title":{"rendered":"Bitcoin climbs above $112K, but derivatives data show traders remain cautious"},"content":{"rendered":"<p>Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&amp;P 500 index.<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin options skew and futures funding rates highlight persistent caution, despite BTC defending the $110,000 support level.<\/p>\n<\/li>\n<li>\n<p>spot Bitcoin ETF outflows and Strategy\u2019s S&amp;P 500 index negative decision continue weighing on trader sentiment.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin climbed above $112,000 on Monday, pulling away from the $108,000 level seen the previous week. The advance, however, has not been strong enough to restore confidence, according to BTC derivatives metrics. Traders are now trying to determine what is preventing sentiment from improving and whether Bitcoin has the momentum to push past $120,000.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992aa2-20de-777a-bbff-5e2a5145d0b3\" \/><figcaption><em>Bitcoin 30-day options delta skew (put-call) at Deribit. Source:\u00a0<\/em><em>laevitas.ch<\/em><\/figcaption><\/figure>\n<p>The BTC options delta skew currently stands at 9%, meaning put (sell) options are priced at a premium compared to equivalent call (buy) instruments. This typically signals risk aversion, though it may simply reflect last week\u2019s trading conditions rather than a clear expectation of a sharp decline. A genuine surge in demand for downside protection would be evident in the options put-to-call ratio.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992aa2-23a4-753a-89dd-7628f01991f3\" \/><figcaption><em>Options premium put-to-call ratio at Deribit. Source: laevitas.ch<\/em><\/figcaption><\/figure>\n<div class=\"m-auto relative\">\n<div>\n<section class=\"etoro-section\">\n<p class=\"etoro-disclaimer\">Crypto investments are risky and highly volatile. Tax may apply. Understand the risks\u00a0here<\/p>\n<p class=\"etoro-disclaimer\"><span style=\"background-color: var(--exalt-color-body-background); color: var(--exalt-color-text-main); font-family: var(--exalt-font-family-body); font-size: 1rem;\">On Monday, demand for put options jumped, reversing the trend of the prior two sessions. The data points to a stronger appetite for neutral-to-bearish strategies, suggesting traders remain cautious about a potential drop below $108,000.<\/span><\/p>\n<\/section>\n<\/div>\n<\/div>\n<p>Some of this lack of enthusiasm stems from Bitcoin\u2019s inability to mirror the fresh all-time highs in both the S&amp;P 500 and gold. Weaker-than-expected labor market figures in the United States reinforced expectations of monetary easing.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992aa2-26c1-7129-8cb4-32bf094e285c\" \/><figcaption><em>Implied March 2026 Fed Funds interest rate. Source:\u00a0<\/em><em>CME Fedwatch tool<\/em><\/figcaption><\/figure>\n<p>Traders now assign a 73% probability that interest rates will fall to 3.50% or lower by March 2026, up from 41% just one month ago, according to the CME FedWatch tool.<\/p>\n<h2>Spot Bitcoin ETFs face outflows as corporate Ether reserves gain traction<\/h2>\n<p>Adding to the caution, spot Bitcoin ETFs recorded $383 million in net outflows between Thursday and Friday. The withdrawals likely unnerved investors even though Bitcoin successfully held the $110,000 support. Competition from Ether\u00a0as a corporate reserve asset may also be influencing sentiment, as companies have allocated an additional $200 million over the past week alone, according to StrategicETHReserve data.<\/p>\n<p>To determine whether bearish sentiment is confined to BTC options, it is necessary to look at the\u00a0Bitcoin futures\u00a0market. Under normal conditions, funding rates on perpetual contracts typically range from 6% to 12% to account for the cost of capital and exchange-related risks.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992aa2-29a0-7b9b-8cca-ab736ccf04d5\" \/><figcaption><em>BTC perpetual futures annualized funding rate. Source: laevitas.ch<\/em><\/figcaption><\/figure>\n<p>At present, Bitcoin\u2019s perpetual futures funding rate sits at a neutral 11%. While neutral, this marks an improvement from the bearish 4% level observed on Sunday. Traders may be responding to heightened competition from altcoins, particularly after Nasdaq filed with the US Securities and Exchange Commission to list\u00a0tokenized equity securities\u00a0and exchange-traded funds (ETFs).<\/p>\n<p><em><strong>Related:\u00a0<\/strong><\/em><em><strong>Crypto ETFs log outflows as Ether funds shed $912M\u2013Report<\/strong><\/em><\/p>\n<p>Bitcoin derivatives continue to\u00a0reflect skepticism\u00a0toward the latest rally, as both options and futures show little enthusiasm for the move above $112,000. What could shift traders out of this cautious stance remains uncertain. The disappointment that Strategy (MSTR) was excluded from the S&amp;P 500 rebalance on Friday may also explain some of the\u00a0muted sentiment\u00a0among bulls.<\/p>\n<p>For now, a surge to $120,000 appears unlikely. Still, if spot Bitcoin ETFs manage to stabilize, overall sentiment could quickly improve and set the stage for renewed price momentum.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&amp;P 500 index. Key takeaways: Bitcoin options skew and futures funding rates highlight persistent &hellip; <a title=\"Bitcoin climbs above $112K, but derivatives data show traders remain cautious\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53854\"><span class=\"screen-reader-text\">Bitcoin climbs above $112K, but derivatives data show traders remain cautious<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-53854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin climbs above $112K, but derivatives data show traders remain cautious - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53854\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin climbs above $112K, but derivatives data show traders remain cautious - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&amp;P 500 index. 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