Fear is back: the Fear & Greed index slid to 26 (Fear) from 37 a day earlier.
Per TradingGain, $BTC fell about 1.4% to roughly $77,038 and only 51 of 256 tracked coins were green. Open interest rose 1.93% while price dropped, and $BTC / $ETH funding stayed at 0.01%.
My take: rising OI into a falling price means leverage is still building, which can make moves sharper both ways. Sentiment readings alone don't tell you direction.
Which do you watch more in a market like this: sentiment gauges or funding and open interest?
#Bitcoin #MarketSentiment #CryptoNews
Not financial advice.
Per TradingGain, $BTC fell about 1.4% to roughly $77,038 and only 51 of 256 tracked coins were green. Open interest rose 1.93% while price dropped, and $BTC / $ETH funding stayed at 0.01%.
My take: rising OI into a falling price means leverage is still building, which can make moves sharper both ways. Sentiment readings alone don't tell you direction.
Which do you watch more in a market like this: sentiment gauges or funding and open interest?
#Bitcoin #MarketSentiment #CryptoNews
Not financial advice.