{"id":3640,"date":"2024-12-03T12:31:41","date_gmt":"2024-12-03T12:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3640"},"modified":"2024-12-03T12:31:41","modified_gmt":"2024-12-03T12:31:41","slug":"exclusive-why-bitcoin-cannot-crack-100000-just-yet","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3640","title":{"rendered":"EXCLUSIVE: Why Bitcoin Cannot Crack $100,000 Just Yet"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>&#8216;s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) struggle to cross the $100,000 mark is due to <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42270361\/why-bitcoins-institutionalization-is-a-concern\">profit-taking, derivatives data and historical trends<\/a>, analysts tell Benzinga.<\/p>\n<p>Bitcoin is currently trading at $94,870, down 0.4% for the day, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">data<\/a> from CoinGecko.<\/p>\n<p><strong>Avinash Shekhar<\/strong>, co-founder and CEO of <strong>Pi42<\/strong>, told Benzinga that Bitcoin&#8217;s pullback reflects a consolidation phase rather than weakness. <\/p>\n<p>He highlighted the robust demand in derivatives markets, with traders paying a 17% annualized premium for leveraged BTC positions. <\/p>\n<p>&#8220;The Bitcoin options markets also show confidence, as options are trading at an 8% discount, indicating reduced hedging demand,&#8221; Shekhar said. <\/p>\n<p>He added that funding rates for perpetual contracts remain neutral at 1.4%, supporting a balanced leverage environment.<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42275232\/leveraged-microstrategy-etfs-are-playing-with-fire-experts-warn\">Leveraged MicroStrategy ETFs Are &#8230;<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42286704\/exclusive-why-bitcoin-cannot-crack-100000-just-yet\" alt=\"EXCLUSIVE:\" why bitcoin cannot crack just yet>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8216;s (CRYPTO: BTC) struggle to cross the $100,000 mark is due to profit-taking, derivatives data and historical trends, analysts tell Benzinga. Bitcoin is currently trading at $94,870, down 0.4% for the day, according to data from CoinGecko. Avinash Shekhar, co-founder and CEO of Pi42, told Benzinga that Bitcoin&#8217;s pullback reflects a consolidation phase rather than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3640","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3640"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3640\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}