BTC Long Betting Premium Reaches 8%
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According to Laevitas' data on the 27th, the long betting premium for Bitcoin reached approximately 8%. After Bitcoin broke through new highs consecutively last week, the BTC long betting premium has been steadily rising, recording 6.5% on the 26th and increasing to 8% on the 27th.
In contrast, the short betting premium for Bitcoin's potential decline was around 6%. This reflects that many investors in the futures market are betting on an upward trend.
Meanwhile, market analysis suggests that the market itself is still somewhat distant from overheating. In December last year, when Bitcoin surpassed $100,000, the long betting premium in the futures market was around 20%.
Cointelegraph, a cryptocurrency specialized media, pointed to the betting distribution in the derivatives market and predicted that Bitcoin could potentially break through $112,000 in the short term. Cointelegraph stated, "Bitcoin derivatives indicators are in a healthy state, and in conjunction with major U.S. economic indicator releases, it could break through $112,000".
Reporter Seung-won Kwon ksw@blockstreet.co.kr
