Sentiment is rising, volume is fading.
The Fear & Greed Index is at 69 (Greed), up from just 59 four days ago.
BTC $83,598, ETH $2,554. They look like they’re rising together.
But something’s off with trading volume—
BTC’s daily volume fell from 12,614 BTC on 10/5 to 5,206 BTC today, down 58.7% in four days.
Open interest weakened in tandem: 95,833 → 92,378 BTC, down 3.6%.
Rising prices + shrinking volume + falling open interest—put those three together and the message is clear: no one is stepping in to buy at these levels.
Sentiment recovering is one thing; volume is another. The latter is where the money is.
Keep an eye on two numbers: can daily volume get back above 10,000 BTC? And 92,000 BTC is the dividing line for open interest.
If it can’t get back above that level, sideways trading is just sideways trading.
$BTC $ETH
The Fear & Greed Index is at 69 (Greed), up from just 59 four days ago.
BTC $83,598, ETH $2,554. They look like they’re rising together.
But something’s off with trading volume—
BTC’s daily volume fell from 12,614 BTC on 10/5 to 5,206 BTC today, down 58.7% in four days.
Open interest weakened in tandem: 95,833 → 92,378 BTC, down 3.6%.
Rising prices + shrinking volume + falling open interest—put those three together and the message is clear: no one is stepping in to buy at these levels.
Sentiment recovering is one thing; volume is another. The latter is where the money is.
Keep an eye on two numbers: can daily volume get back above 10,000 BTC? And 92,000 BTC is the dividing line for open interest.
If it can’t get back above that level, sideways trading is just sideways trading.
$BTC $ETH