🔴 The cryptocurrency derivatives risk indicator remains high📈📉
According to a report by Foresight, data from CoinGlass showed that the cryptocurrency derivatives risk indicator reached 61 today, slightly down from 64 the previous day.
Despite this slight decline, the indicator remains in the "high risk" zone, reflecting ongoing market volatility and high levels of leverage and open positions in the derivatives market.
📉 What does this mean?
The indicator points to a high degree of risk in trading derivatives (such as futures and options related to cryptocurrencies). Its stay above the 60 level reflects noticeable tension or fluctuations in the market, which could lead to sudden price volatility.
📌 Why does it matter?
Investors and traders should be more cautious when dealing with derivatives. This type of indicator signals the possibility of a mass liquidation or sharp fluctuations if the market moves unexpectedly.
$BTC
$ETH
$BNB