Bitcoin Price Stuck Below $44k But Traders Remain Bullish on Further Gains
• Bitcoin price remains below $44k resistance level, but derivatives data shows traders are still optimistic about further gains
• Liquidations on Dec 11 were significant but represented less than 1% of total open interest in BTC futures
• Bitcoin futures premium has stayed above 10%, indicating bullish sentiments among professional traders
• BTC options skew has been neutral, showing a balanced cost for call and put options
• Funding rates for BTC perpetual futures only saw a modest increase, suggesting retail leverage longs did not drive the previous rally