The case
Bitcoin is testing the $75,000 level that capped its rally in January. On-chain data indicates the rally is pausing, and the options market isn't buying the peace trade — skew remains cautious. Tether continues adding BTC to reserves (97K+ BTC held), providing underlying bid support, but macro headwinds from S&P 500 record highs haven't translated into crypto breakout momentum yet. This market tracks whether BTC can decisively clear $75K before May 1, 2026.
Market signals
SHORT buy $15.00 • 1d ago
0% LONG • 100% SHORT
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