Bitcoin surged above $90,000, but traders are wary of downside risks. Economic concerns linger as the S&P 500 hovers near all-time highs. Tesla’s disappointing sales weigh on markets. Nasdaq futures struggle amid AI optimism and job market worries. Tesla’s quarterly deliveries drop 15%. Baidu’s IPO filing boosts Chinese tech shares.

Despite hitting multi-week highs, Bitcoin faces resistance near $95,000. Low leverage demand signals caution among investors. Futures basis rate stays below neutral, reflecting bearish sentiment. Bitcoin spot ETF outflows exceed $900 million. Gold ETFs see inflows amid economic uncertainty. Traders remain skeptical near $90,000 level.

Bitcoin options market shows lingering skepticism near $90,000. Put options trade at a premium, indicating caution among professional traders. Inflation concerns persist as US government plans stimulus measures. Bond futures predict low probability of interest rates falling. Bitcoin derivatives traders expect slow price gains after consolidation.

Read more at Cointelegraph: Macro Fears Cap Bitcoin Upside Despite 3-Week High