The sentiment in the Bitcoin futures market is optimistic, with the annualized premium exceeding the neutral range.

Odaily Planet Daily reported that due to the longer settlement period, the trading prices of Bitcoin futures monthly contracts are usually higher than those in the spot market. Currently, the annualized premium of 11% exceeds the neutral range of 5% to 10%, reflecting that market participants remain relatively optimistic. Similarly, the funding rate for perpetual $BTC contracts favored by retail traders also remains positive, indicating a neutral to positive market sentiment. Laevitas data shows that demand for bearish positions increased yesterday, causing the financing rate to briefly turn negative, but this indicator quickly normalized, suggesting that there is no sustained bearish sentiment in the Bitcoin futures market.

Analysts believe that traders must consider risks associated with a potential global economic slowdown, as uncertainty prompts investors to turn towards cash positions. Regardless of what measures Trump takes, the fiscal outlook for the U.S. in 2025 may still be challenging, and the risk of recession remains, an environment that could dampen short-term interest in Bitcoin as investors prioritize safety over what is perceived as a risk asset. (Cointelegraph)