BTC declined 0.7% over the past day while trading in a narrow range. The CoinDesk 20 Index dropped 1.3%, and XRP emerged as the only token in positive territory, reflecting an overall negative market sentiment.
Options markets favor puts with over 4,500 million USD in options set to expire ahead of the US jobs report. Open interest in perpetual futures fell to about 30 billion USD, and funding rates remain moderately stable between 4% and 6%.
Market liquidations reached approximately 225 million USD, equally split between longs and shorts, notably affecting BTC and ETH. Additionally, WLFI fell by 21% as early holders began taking profits amid fading hype.
Leave a Reply