The futures market is showing continued weakness in demand for Bitcoin (BTC), a situation that could lead to an ongoing price decline for the biggest cryptocurrency by market capitalization.
Bitcoin fell to $78,000 U.S. on March 10, its lowest price of the year and below the key support level of $80,000 U.S.
While the price has since risen to $81,500 U.S., crypto analysts are urging caution as futures markets show signs of continued weakness for Bitcoin and other digital assets.
Bitcoin futures expiring on March 15 are showing signs of pronounced weakness and bearish indicators, according to data from Deribit, the world’s leading crypto options exchange.
Essentially, options traders are betting on a continued slide in Bitcoin over the near-term, with some bets that the price will fall as low as $70,000 U.S.
Some analysts are warning that sentiment towards Bitcoin and crypto in general is now at its most negative in over a year.
So far in 2025, Bitcoin has fallen 13% and is down 25% from an all-time high of just over $109,000 U.S. reached on Jan. 20 of this year.
