Following the Fed meeting, Bitcoin's Open Interest (OI) metric saw a notable decline of $3 billion, dropping from $33 billion to $30 billion. This drop came in the wake of Powell's hawkish tone during his speech, which heightened uncertainty and volatility in the markets. During the same period, the VIX (Fear Index) surged sharply, reflecting the increased anxiety among market participants.
This data indicates that significant liquidations occurred in the futures market, leading to a slight cooling-off phase. Amid rising fear and heightened volatility, investors seem to be adopting a more cautious stance. This development could serve as a critical indicator for understanding future market movements.
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Written by burakkesmeci
