Currently, BTC is priced at 103,348 USD, reflecting a drop in futures premium alongside bearish sentiment in options markets, where a 5% skew indicates trader pessimism.
Despite 5.14 billion USD inflows into US-listed Bitcoin ETFs over the past month, overall market sentiment remains cautious amid deteriorating macroeconomic conditions.
The futures market has been underperforming, failing to surpass the neutral threshold since June 12, following challenges in breaking the 110,000 USD mark.
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