Market Split: Futures Bullish, Options Say ‘Wait, What?’ | Crypto Daily

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So, here’s the deal: after Bitcoin ETFs got a juicy injection on April 2, institutional investors did a 180 and started dumping BTC like it’s hot.

But hold on, because futures traders are still riding the bull wave, with open interest going up and funding rates staying on the sunny side. Meanwhile, the options market is like, “Let’s not get ahead of ourselves here.” As a boatload of BTC options gets ready to expire, everyone’s waiting to see if the market’s going to play nice or throw a tantrum.

Institutional Investors Pull $99.86M from BTC ETFs: Confidence on Shuffle?

Yup, institutional investors yanked a cool $99.86 million from BTC spot ETFs. Talk about commitment issues.

One minute they’re pouring in $767 million, the next they’re running for the hills. It’s like they can’t make up their minds. 🙄

Grayscale’s GBTC took the biggest hit, with a $60.20 million exodus. Meanwhile, BlackRock’s IBIT is like, “We’re just gonna do our own thing over here,” with a $65.25 million inflow. As of now, Bitcoin Spot ETFs are worth $92.18 billion, down 5% in a day. Ouch.

Bitcoin Derivatives: Futures Bullish, Options Playing It Safe

Over in derivatives land, futures traders are like, “Let’s party!” with open interest and funding rates saying, “We’re here for it!” But options traders? They’re more like, “Let’s not and say we did.”

As of press time, BTC futures are at $52.63 billion, up 2% in a day. Funding rate? Positive. Traders? Leveraging up even as prices dip. It’s like they’re betting on a comeback. 🤷‍♂️

BTC’s price? Barely budged, down just 0.34%. But if it keeps falling, those leveraged longs might start to sweat. 🥵

Options traders, though? They’re all about those put options. Deribit says $2.17 billion in BTC options are expiring, with a put-to-call ratio of 1.24. Translation: people are hedging their bets.

So, we’ve got futures traders ready to pop the champagne and options traders playing it safe. What does this mean? Prepare for some wild market swings, folks. 🎢

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2025-04-04 10:32