Gate News: On March 24, after Trump announced a temporary de-escalation of tensions with Iran and sought negotiations, Bitcoin briefly rose 4%, WTI crude oil prices fell 14% to $85 per barrel, and the S&P 500 index increased by 3%.
In the futures market, the 2-month Bitcoin futures annualized premium was reported at 2% on Monday, below the 4% to 8% range typically associated with longer settlement cycles in a neutral state. This condition has persisted over the past month, even though prices briefly rebounded to around $76,000 previously.
In the options market, a derivative trading platform’s April 24th expiring $80,000 call option was priced at 0.017 BTC (about $1,207). Under the conditions of 31 days to expiration and 48% implied volatility, the market prices the probability of Bitcoin reaching $80,000 during this period at 20%.
The Federal Reserve paused interest rate cuts, and before oil prices fall back to $75 or below, market confidence in the $68,000 support level remains weak.
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