Bitcoin Hits a New ATH at $107,837 While Futures Market Stays Calm – What Does It Mean?
Let’s summarize the four key data points to quickly reach a conclusion:
1️⃣ Funding Rate: Dropped from 0.04% to 0.008%, indicating that carrying positions is relatively easier compared to yesterday, with a reduced risk of liquidation.
2️⃣ Taker Buy/Sell Ratio: Shows nearly neutral data, reflecting that sentiment lacks a dominant side at the moment.
3️⃣ Liquidations: Aside from a short liquidation during the early hours, the market has remained calm for the last 16 hours.
4️⃣ Open Interest: Increased by 2.31% in the last 24 hours. A rise above 3% would indicate overheating, but that is not the case here.
✅ Conclusion
Bitcoin has reached a new all-time high with low volatility.
The futures market remains calm, showing no signs of extreme activity. This steady climb indicates Bitcoin is breaking records with solid momentum. With no excessive moves causing liquidations and no sharp candles on the futures side, investors’ short-term sentiment stays within a healthy range.
Thank you for reading!
Written by burakkesmeci
