TechFlow news, January 3rd, according to Cointelegraph, Bitcoin's price rose above $90,000 today, reaching a near three-week high. However, fund flows from derivatives and spot ETFs indicate that traders remain cautious, suggesting limited market confidence in further price increases. Data shows that despite the price rebound, demand for Bitcoin leveraged long positions has remained flat, with the Bitcoin futures basis rate below the neutral threshold and the current annualized premium at 4%. Since December 15th, Bitcoin spot ETFs have recorded over $900 million in net outflows. Additionally, Bitcoin put options traded at a premium on Saturday, indicating increased demand for downside risk protection among professional traders.
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