<ul data-eligibleForWebStory="false"><li>Bitcoin briefly climbed above $107,000 before retracing to $105,000 amidst market uncertainty.</li><li>The premium on CME’s Bitcoin futures contracts has dropped to 4.3% annualized, the lowest level since October 2023, indicating a decline in institutional enthusiasm.</li><li>Analyst Markus Thielen suggests institutions are becoming more cautious as the premium fell from 10% earlier this year, despite Bitcoin holding above $100,000.</li><li>The shrinking futures premium signifies reduced confidence in aggressive upward moves and a more uncertain market outlook.</li></ul>

Institutional Appetite for Bitcoin Fades as Futures Premium Drops Ahead of Key U.S. Jobs Report

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