Bitcoin options and futures data show neutral sentiment despite a 7% drop. Stablecoin demand in China remains steady. Bitcoin fell 4% in two days, dropping below $115,000 for the first time in two weeks. Monthly derivatives expiry wiped out $390 million in futures contracts. Current 7% premium on Bitcoin futures suggests no shift in investor sentiment after price drop. Bitcoin traders cautious after 80K BTC wallet transfers by Galaxy Digital. Stablecoin demand in China remains stable with Tether trading at a 0.5% discount. Bitcoin traders more concerned about global trade tensions or US economic recession. Lack of enthusiasm in Bitcoin derivatives not reflecting critical issues in crypto markets.

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