Bitcoin holds a tight range as altcoins rally on low liquidity, but derivatives data and options skew suggest traders are bracing for downside.
Bitcoin continued to trade near the $67,000 level just following the strong report. Crypto consolidates as volatility cools and futures markets tilt bearish.
Good Friday shuts CME futures and ETF activity, removing a key source of demand as large holders continue distributing and spot demand weakens. The market is entering a period of reduced institutional activity due to the holiday weekend, which could amplify volatility as liquidity thins. Derivatives markets are showing increasing bearish sentiment despite the recent consolidation, suggesting traders are positioning for potential downside moves in the near term.
