The Bitcoin futures’ annualized premium (basis rate) hovered near the neutral-to-bearish 5% level, indicating that demand for leveraged bullish positions was not affected by the failed attempt to reclaim $98,000 on Wednesday. George Saravelos, head of FX research at Deutsche Bank, noted that “European countries own $8 trillion of US bonds and equities, almost twice as much as the rest of the world combined,” while the US fiscal imbalance depends on sustained capital inflows. Given the weakness across BTC derivatives metrics, there are few signs that the $92,000 level will hold, as investors remain wary of a global economic slowdown and the impact of the Trump administration’s aim to own Greenland and their current involvement in Venezuela.
Author: Cointelegraph by Marcel Pechman
Published at: 2026-01-19 21:30:00
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