Key results:

• Bitcoin got stuck below USD 110,000 due to macroeconomic uncertainty and an appetite for the risk of NVIDIA profits.

• Data on ETF options and Bitcoin BTC BTC options are tips that the US economic clarity can unlock BTC ups.

Investors’ touches improved on May 26 after US President Donald Trump postponed his retaliation of the European Union 50% of import tariffs. European stock markets reacted positively to development, but Bitcoin (BTC) was not able to maintain USD 110,000, which led traders to the question whether the fresh highest level of all time remained within reach.

Even if Bitcoin returns to an assessment of USD 105,000, the growing institutional interest and solid markets of derivative instruments indicate that stubborn traders are neither transfers nor concerned about the potential correction.

The demand for long Bitcoin positions increased, as evidenced by BTC Futures Premium increased to 8% on May 26. Although it was a diminutive escalate from 6.5% of the previous day, the record is still convenient in a neutral range from 5% to 10%. In the context, in December 2024, Bitcoin Futures Premium increased to 20%, when BTC for the first time exceeded USD 100,000.

Will NVIDIA earnings and economic data in the USA fire up the Bitcoins price?

President Trump’s decision to delay the EU import duties by July 9 reduced some market uncertainty, but the broader economic consequences of the ongoing tariff conflict have not yet appeared in corporate earnings. Investors’ risk appetite is now partly based on the NVIDIA (NVDA) report on May 28, and predicting this is probably explained by Bitcoin’s inability to break the previous maxim.

Bitcoin options markets signal increased likelihood of upward movement. This suggests that whales and market manufacturers remain confident, even when BTC trade, only 2.6% below the record level of USD 111,957.

Negative 6% Bitcoin options Delta SKEWE indicate that PUT options (sale) are trading at a discount, which is a typical feature of stubborn markets. Readings closer to zero reflect a more balanced demand between PUT and Call (Buy) options – a trend observed on May 25.

It is likely that the persistent institutional demand for bitcoin gradually changes the perception of risk among the largest investment companies in the world. Michael Saylor, a strategy, purchased Bitcoin with a value of $ 427 million between 19 and 25 May, at an average price of USD 106,237. Meanwhile, turnover funds from Bitcoin exchange (ETF) recorded another 2.75 billion dollars in the same period.

During the annual day of the JPMorgan investor on May 19, Jamie Dimon, Director, announced that the bank would finally allow customers to buy ETF Bitcoin. Although this movement does not include care or official cryptocurrency recommendations, it opens the door to the intermediate Bitcoin exhibition for the bank of $ 6 trillion dollars of customer deposits.

Related: The fresh Maksima Bitcoin could be directed by the crisis of the Japanese bond market

American markets are closed on May 26 in observing the holidays on the occasion of the Memorial Day. As a result, any optimism resulting from delayed US tariffs – EU may be alleviated by constant fears about the US government’s debt and the threat of potential economic recession. The last 5.1% decrease in applications for MBA mortgage for a week ending on May 23 prompted traders to adopt a more cautious attitude.

While Bitcoin derivatives remain well, upcoming economic data will be of key importance for market moods. Investors carefully observe the Richmond Fed production indicator of May 28, and then PCE inflationary data on May 30. These indicators will probably affect the risk appetite and the chances of breaking bitcoins above USD 112,000 in a compact period.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.