Bitcoin (BTC) rose 1.5% on Sunday after retesting the $86,000 level. Traders cited the risk of a US federal government shutdown and this week’s Fed decision.
According to data, derivatives show professional traders avoiding risk and paying to protect against downside moves. The annualized BTC futures premium stood near 5%, barely covering longer settlement costs.
The BTC 30‑day options delta skew on Deribit reached about 12%, signaling puts traded at a premium. This skew normally stays between -6% and +6% (Ed. note: the last similar skew preceded a sharp Dec. 1 price drop).
Meanwhile, gold surged to a record $5,100 per ounce while Bitcoin lagged. Investors favored traditional safe havens amid rising debasement concerns.
The US Dollar Strength Index fell below 97 for the first time in four months. A chart shows this decline alongside record gold prices.
Five‑year US Treasury yields reached about 3.8%, exceeding European and Japanese rates. Federal Reserve moves, reports of a possible yen rescue, and major tech earnings now shape trader decisions.
Donald Trump has said his successor at the Fed should aim to trim rates before long. Professional traders must regain confidence before BTC can retake the $93,000 level, and macro shifts plus earnings could delay that recovery.
