Bitcoin futures premium remains near 5% despite failed breakout attempt at $98,000. $395 million outflows from Bitcoin ETFs as gold hits new highs. BTC faces 3.4% correction due to global tensions and China’s slowest economic growth since 2022. $215 million in leveraged BTC longs liquidated at $92,000 level, causing concerns of deeper correction.

Nasdaq index futures drop after Trump proposes import tariffs on Europe for Greenland negotiations. European countries consider retaliatory measures on US imports. BTC derivatives show declining interest and hedge appeal. Euronext 100 Index falls 1.6%, gold prices surpass $4,650.

Bitcoin futures’ annualized premium at 5% level, indicating demand for bullish positions remains. Bitcoin ETFs see $395 million outflows, impacting traders’ sentiment. BTC options delta skew at 8%, showing put options trading at a premium. Macroeconomic factors influence traders’ risk appetite.

European countries own $8 trillion of US bonds and equities, may reduce support for US dollar amid western alliance disruptions. China’s economy grows 4.5% in Q4 2025, supported by strong exports. Analysts warn of potential consumer stimulus policy reductions and global trade war impact on exports. Bitcoin network daily active addresses drop to 370,800, down 13% from previous weeks.

Read more at Cointelegraph: Bitcoin Traders Defend $92K, But For How Long?