Glassnode: Data on unliquidated Bitcoin futures contracts shows that speculative momentum is declining
Bitget2025/01/09 14:30
Glassnode posted on the X platform that BTC futures open interest (OI) shows a decline in speculative momentum. The medium-term trend line (30-day SMA) has reached its peak and is now slightly declining, while the short-term trend line (7-day SMA) has fallen below it. This suggests that traders have closed their positions to deal with uncertain market conditions.
1
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Federal Reserve Harker: We must continue to rely on data, not rush to take action
Bitget•2025/01/09 14:09
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$92,194.38
-3.04%
Ethereum
ETH
$3,213.02
-3.48%
Tether USDt
USDT
$1
+0.04%
XRP
XRP
$2.28
-4.40%
BNB
BNB
$684.76
-1.68%
Solana
SOL
$184.82
-6.58%
Dogecoin
DOGE
$0.3207
-6.39%
USDC
USDC
$1
+0.01%
Cardano
ADA
$0.9056
-4.63%
TRON
TRX
$0.2399
-4.27%
Bitget pre-market
Buy or sell coins before they are listed, including CATGOLD, VERT, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now