Bitcoin’s futures funding rates dipped into negative territory, showing that bullish traders aren’t confident enough to take on leveraged positions.
At the same time, doubts about how quickly artificial intelligence investments will become profitable have driven investors toward safer assets such as gold and U.S. government bonds.
#StrategyBTCPurchase Bitcoin (BTC) was unable to regain the $70,000 mark on Tuesday after S&P 500 futures pulled back. Concerns that the AI sector may take longer than expected to deliver returns weighed on major tech stocks — including Nvidia, Apple, and Alphabet — on Friday. Growing pessimism in Bitcoin futures markets has increased fears of additional downside.