Pro traders don’t expect Bitcoin to break and hold $20,000 anytime soon

One hundred and eleven days have passed since (BTC) posted a close above $25,000 and this led some investors to feel less sure that the asset had found a confirmed bottom. At the moment, global financial markets remain uneasy due to the increased tension in Ukraine after this week’s Nord Stream gas pipeline incident.

The Bank of England’s emergency intervention in government bond markets on Sept. 28 also shed some light on how extremely fragile fund managers and financial institutions are right now. The movement marked a stark shift from the previous intention to tighten economies as inflationary pressures mounted.

Bitcoin 3-month futures annualized premium. Source: LaevitasBitcoin 30-day options 25% delta skew: Source: Laevitas

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