Focus on Derivatives (BTC/USDT)
The bearish retracement of BTC has led to a decline in open interest as well as the funding rate, suggesting a gradual exit of positions in BTC/USDT perpetual contracts, particularly buyers.
Similarly, the CVD has continued to decline, demonstrating a predominance of sell orders in the ongoing market. This dynamic indicates a continuation of seller aggression, illustrating strong selling pressure from investors.
Although a spike in sell liquidations was observed during the last rebound of BTC, these mainly concern buy positions. This situation reflects the dominance of sellers as well as increased volatility, weakening the buying strength in the market.$BTC
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