Bitcoin rebounds to $71.5K; options skew at 20% and futures basis drops to 2%

Bitcoin rebounded to $71.5K after a steep drawdown, rising 17% from the $60,150 low on Friday, but derivatives gauges show limited confidence among pros. CoinGlass and laevitas.ch data indicate around $1.8 billion in long liquidations over five days, a 2% two-month futures basis and a 20% options skew, pointing to muted leverage demand and elevated fear.