Bitcoin

September 8, 2025 at 23:57

Bitcoin jumps to $112k but derivatives data warns traders about the rebound

Bitcoin has moved past the $108k level, briefly topping $112k, but derivatives data point to a fragile rebound. On Deribit, the 30-day delta skew sits around 9%, indicating put options are priced higher than calls and implying a cautious sentiment among traders. In other words, despite the price move, investors may be leaning more protection than upside, which could precede renewed selling if the move stalls.

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Analysis

Price action shows a breakout beyond a key resistance zone, but the derivatives signal adds a warning. A 9% 30-day delta skew means hedgers are paying a premium for downside protection, suggesting risk of a shallow pullback rather than a durable rally. This kind of skew can precede volatility spikes if spot price fails to sustain gains or if macro factors shift.

Market structure matters here. A recovery that relies on short-covering or speculative longs without broad participation often lacks the legs needed for a lasting move. Traders should watch for confirmation through volume, on-chain signals, and how the price behaves around key levels (e.g., retests of $112k or a hold above $110k).

From a risk-management perspective, the current setup favors cautious exposure. If you are long, consider tightening stops or reducing concentration. If you are flat, use hedging or selective spacing to avoid abrupt drawdowns. The absence of a clear bullish catalyst or sustained buying pressure increases the risk of a pullback in the near term.

Recommendation

Wait for clearer confirmation before adding new exposure. If you already hold BTC, maintain tight risk controls and consider hedging against a potential pullback rather than chasing a continued run. Look for a sustained move above $112k with convincing volume and healthy RSI momentum before scaling in.

Set well-defined triggers and risk controls. For example, a move back below $110k could trigger a reassessment, while a break and hold above $115k with strong exchange and futures volume would warrant renewed bullish consideration.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.