Pro traders are mildly skeptical about Bitcoin’s recent return to $50K

The price of (BTC) is back at the $50,000 level, and there's little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval.

Despite the positive newsflow, the top traders at crypto exchanges and derivatives data appear unmoved by the recent rally to the $50,000 resistance.

OKEx September BTC futures contracts premium. Source: TradingView
Deribit Bitcoin options 25% delta skew. Source: Laevitas