BTC retests $70K Wednesday as futures premium at 2% and options show 14% skew

Bitcoin retested $70,000 on Wednesday after Tuesday's dip to $62,500, but derivatives gauges stayed cautious into Thursday. US-listed spot Bitcoin ETFs saw $764 million of net inflows across two sessions, while the 2-month futures basis held near 2% and the 30-day options skew showed puts priced at a 14% premium to calls.