🧐 BTC and ETH options markets are slightly sluggish; the contract market is still strong, and the current sentiment is extremely greedy!
According to the latest data from Coinglass, the nominal value of the open positions of BTC options on the entire network today is 37.403 billion US dollars, which has fallen for 4 consecutive days; while the open positions of ETH options have also fallen slightly from the previous few days, and the current nominal value is 7.209 billion US dollars.
But the open interest in the contract market on the other side is still strong. Bitcoin's BTC contract holdings on the entire network today are 54.948 billion US dollars, and the daily contract open interest has exceeded 50 billion US dollars for 7 consecutive days; while the Ethereum contract holdings are 17.556 billion US dollars, and the open interest has shown a slight increase for 4 consecutive days.
In addition, according to data disclosed by Alternative, today's panic and greed index rose to 90, and the level is still extremely greedy, which is the same as the high point in March this year. This may mean that investors are very optimistic about the market, but it may also indicate potential risks.
In summary, while the cooling of the options market may indicate a cautious attitude in the short term, the strong and extremely greedy market sentiment in the contract market indicates that investors remain optimistic about the long-term prospects of cryptocurrencies.
However, this sentiment may also mask the potential risks of the market. Therefore, investors should remain vigilant and avoid excessive leverage, which will amplify personal investment risks.
What do you think of the current market sentiment and position changes? Do you think it is a good time to enter the market, or should you wait and see? Welcome to share your predictions and views on the next market trend in the comment area!
