Bitcoin price soars to $83.5K — Have pro BTC traders turned bullish?

Date: 2025-04-09

US equities and crypto markets shifted dramatically on April 9 after  US President Donald Trump announced a 90-day pause on his reciprocal tariffs, except for China. Bitcoin (BTC) price responded by surging by 5% in less than an hour, reclaiming the $83,000 level which was last seen on April 6.While the S&P 500 gained 8%, Bitcoin derivative metrics have yet to turn bullish as traders remain cautious about changes in US long-term government bonds.Bitcoin 2-month futures annualized premium. Source: Laevitas.chThe BTC futures premium briefly rose above the neutral 5% threshold but failed to sustain its momentum. Investors were skeptical about whether the US Federal Reserve would lower interest rates throughout the year. However, this indicator...

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