Bitcoin steady as S&P 500 hits record, but options market isn't buying the peace trade
Burns Brief
Crypto's derivatives desks still want downside protection, QCP says, and long-end yields and gold aren't confirming the risk-on move Market sentiment is turning positive, with traders and analysts pointing to potential follow-through momentum in the coming sessions. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Crypto's derivatives desks still want downside protection, QCP says, and long-end yields and gold aren't confirming the risk-on move.
Key Takeaways
- Crypto's derivatives desks still want downside protection, QCP says, and long-end yields and gold aren't confirming the risk-on move