Key takeaways:BTC futures premium remains neutral, indicating traders were unfazed by the recent $6,630 price drop.The Bitcoin options skew and macroeconomic concerns suggest limited appetite for a breakout above $120,000.Bitcoin (BTC) faced a sharp rejection after reaching a $124,089 all-time high on Thursday. The drop below $117,500 triggered $227 million in leveraged liquidations on bullish positions, though derivatives metrics were largely unaffected by the move.Are traders overreacting to US inflation data, or is there something within the cryptocurrency market itself preventing a clean break above the $122,000 level?BTC 3-month futures annualized premium. Source: laevitas.chThe BTC futures annualized premium was barely…
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