Bitcoin traders show limited confidence despite strong ETF inflows, keeping downside risks. Gold surges to record high near $4,050 amid US-China tensions. US Treasury yields fall to 3.61%, investors accept lower returns. Bitcoin options delta skew climbs to 8%, traders uneasy about downside exposure. Stablecoin demand in China offers insight into traders’ positioning. Tether trading at a slight discount, returns to parity after BTC falls below $120,000. Bitcoin spot ETFs see $5 billion in net inflows in October, but confidence remains subdued.

Read more at Cointelegraph: Bitcoin Futures Show Fear As Risk US Trade War Resumes