Crypto News
- Bitcoin’s Open Interest declines by 14.42%, indicating reduced speculation and a potential market adjustment.
- Fear & Greed Index drops to 26, as analysts observe BTC’s next move ahead of the crypto Summit.
Bitcoin’s [BTC] Open Interest has decreased by 14.42%, reflecting a downturn in speculative activities among investors.
Open Interest gauges the total number of outstanding derivatives contracts, and a significant drop typically indicates liquidations or diminished market engagement.
Historically,such declines have been associated with potential market resets, creating buying opportunities during price dips.
Source : CryptoQuant
This decline in Open Interest coincides with Bitcoin’s price dropping to $83,833 , with trading volume over the last day at $68.86 billion.
The market has experienced an8.86% decrease within the past24 hours and a6.27% drop overthe last week. With acirculating supply of20 million BTC , Bitcoin’s overallmarket capitalization now stands at$1.66 trillion.
CrytoNewsThe Fear & Greed index falls to26
The fear & Greed Index,a commonly used sentiment indicator ,has dropped from72 (extreme greed) onFebruary4to26 (fear).
A reading above70 usually indicatesoverbought conditions while adrop below30 suggests that fear is prevailing in themarket.
This change reflects increasing investor caution amid recentmarket volatilityand significant developments.
