Bitcoin Don Pass $123K as Volatility and Funding Rates Don Surge
Bitcoin surge reach record $123,000 as crypto derivatives activities bam spike: volatility smiles begin dey skew higher, perpetual funding rates hit January 2025 peak, plus futures-implied yields bin dey inverted. Profit takin cause small pullback come $116,000, meanwhile Ethereum bounce back pass $3,000, push option skews higher. Market-wide, uncertainty around Federal Reserve leadership succession and fresh U.S. tariff threats add more wahala dey make market volatile. For traders, the high volatility and funding rates for spot and crypto derivatives markets mean better risk and opportunity dey.
Bullish
Bitcoin record high and di surge for derivatives metrics – volatility smile skew, elevated funding rates, inverted futures yields – show strong bullish momentum. Short-term, increased volatility and high funding rates fit trigger profit-taking and sharp price swings, wey fit create trading opportunities. Long-term, steady demand and strong price levels dey support positive outlook for Bitcoin and broader crypto derivatives markets, despite macro uncertainties.