Bitcoin continues to gain strength from solid institutional demand, growing government interest, and its integration into the mainstream financial system via ETFs. Anyway, there's a note of caution up in the air. Some market participants are bracing for a short-term pullback, especially since the buying frenzy from major players like MicroStrategy has started to cool down.
The mood in the BTC futures market is mixed. While prices have bounced back from recent lows, traders are still on edge due to macroeconomic uncertainty and the slowdown in large-scale buying. The current premium for two-month futures is 4% above spot prices, sitting below the neutral 5% mark. This suggests traders aren't very eager to use leverage in order to go long—likely a deep breath after the recent sell-off that wiped out a lot of bullish positions.
Investors are also seeing some interesting shifts in trading activity. Data from the CME Group shows that while open interest for November 2025 futures dipped slightly, with 6,439 contracts in play, it increased for December ones. Therefore, traders have already started to roll their positions forward, focusing on later dates.
Looking ahead, a clearer path toward lower interest rates could be the trigger that revives demand for risky assets like Bitcoin, giving futures prices a fresh boost.
From a technical perspective, the weekly chart still shows a bullish foundation, with the 50-day and 200-day moving averages sloping upward. A key signal to watch for would be a weekly close back above the 50-week moving average. If that happens, it could fuel the next leg up.
The overall recommendation is to buy Bitcoin from the $102,900 support. Lock in profits at $120,000. Place stop loss at $99,800.
Calculate your open position so that a potential loss (protected by a Stop Loss order) is limited to 1% of your deposit. If your account balance does not allow entering a position of this size, it is better to skip the trade and wait for other market signals that meet low-risk criteria.
This content is for informational purposes only and is not intended to be investing advice.
