Bitcoin Strength Holds Into $68K But Pro Traders Remain Cautious
Published on March 31, 2026.
Bitcoin (BTC) has rebounded to $68,000 after President Trump suggested that the US and Israel-Iran war may be resolved without a full reopening of the Strait of Hormuz. However, Bitcoin derivatives data show high fear, with put options at a premium and low demand for bullish leveraged trades. This comes after a dip to $66,000 following claims that the elliptic curve discrete logarithm problem (ECDLP) could be cracked with 20 times less quantum computing power. The Bitcoin monthly futures contracts annualized premium relative to regular spot markets stood at 2%, indicating a lack of demand. Despite this, Bitcoin traders have kept a cautious stance. Some analysts believe that this sentiment may be due to concerns about quantum computing.
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