Bitcoin's Price Surges Past $30K Amidst Skepticism and Optimism.
Bitcoin's price has broken the $30,000 level, gaining 6.5% on April 10, and decoupling from traditional markets. The fear of stagflation and the reversal of the US central bank's recent tightening movement is deemed bullish for risk assets. However, the high leverage usage and whether or not pro traders are pricing higher odds of a market downturn using options instruments will determine whether the rally is sustainable. Bitcoin futures show modest improvement, and Bitcoin option traders remain neutral.