🔥Crypto Market Update 📉
Bitcoin slipped below $70K, down 2.8%, as derivatives data shows traders shifting to a risk-off stance. Major tokens followed—ETH fell ~5%, while the CoinDesk 5 and 20 indices dropped over 3%.
📊 Derivatives signal caution
Futures open interest falling
Funding rates turn neutral/negative
Options show rising demand for downside protection
⚠️ $397M liquidations in 24h, led by BTC
Overall sentiment remains defensive as volatility stays elevated.🌟🌟
BTC
66,332.11
-1.95%
SOLUSDT
Perp
77.66
-2.85%
TRUMPUSDT
Perp
3.274
+0.86%