Bitcoin The volatility index fell back to 47%, and open interest in futures contracts dropped to the level seen at the beginning of the month.
Svmuu News: The BVIV has fallen back to 47%, halting its two-week rally and indicating that traders are betting on a stabilizing market environment; however, derivatives data for most of the top 25 tokens by market cap show that short positions continue to dominate price movements. Bitcoin Both Ethereum futures open interest has retreated to early-month levels, reflecting traders’ cautious stance; open interest in SOL and AVAX is raising questions about the sustainability of the recent rally. The altcoin market is generally range-bound as investors await the next move from Bitcoin, with the CoinMarketCap Altcoin Season Index holding steady at 49/100.
Source:Odaily · Source Link
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