Bitcoin volatility index drops to 47%, futures open interest falls back to early June levels
Odaily reported that BVIV has fallen back to 47%, pausing its previous two-week rally, indicating that traders are betting on a more stable market environment. However, most of the derivatives data for the top 25 tokens by market cap shows that bearish positions still dominate price trends. Bitcoin and Ethereum futures open interest has dropped back to levels seen at the beginning of the month, reflecting trader caution. SOL and AVAX positions have raised questions about the sustainability of the recent rebound. The altcoin market as a whole is trading sideways, with investors waiting for Bitcoin's next move. The CoinMarketCap Altcoin Season Index remains at 49/100.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race
Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.
Bernstein Downgrades Nvidia Rating and Target Price
Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity
Google DeepMind has released its AI model AlphaGenome 2, which is trained on maps of over 100 millions of cells and has nearly double the ability of its predecessor in identifying gene expression variations.
Crypto prices
More
