The decline in the futures markets and ETF exits after Bitcoin's (BTC) ATH level is leading to increased selling pressure in the spot markets.
According to the on-chain data platform Glassnode, after Bitcoin's (BTC) all-time high, there was a significant get dumped in the futures markets. Futures open positions decreased by 35%, falling from 57 billion dollars to 37 billion dollars. This situation indicates that speculative and hedge activities have decreased.
At the same time, this decline, which parallels the contraction of on-chain liquidity, signals a broader risk aversion behavior.
This contraction in the futures market continues to increase the selling pressure in the spot markets. The outflows from ETFs and the closure of CME futures contracts indicate that positions in the market are changing, which is reflected as selling pressure in the spot markets.
Since ETFs have lower liquidity compared to futures contracts, this situation can increase short-term volatility. This also means more risk for investors.
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Data Indicates a Selling Wave in Bitcoin: There is a 20 Billion Dollar plummet! - Coin Bulletin
The decline in the futures markets and ETF exits after Bitcoin's (BTC) ATH level is leading to increased selling pressure in the spot markets.
According to the on-chain data platform Glassnode, after Bitcoin's (BTC) all-time high, there was a significant get dumped in the futures markets. Futures open positions decreased by 35%, falling from 57 billion dollars to 37 billion dollars. This situation indicates that speculative and hedge activities have decreased.
At the same time, this decline, which parallels the contraction of on-chain liquidity, signals a broader risk aversion behavior.
This contraction in the futures market continues to increase the selling pressure in the spot markets. The outflows from ETFs and the closure of CME futures contracts indicate that positions in the market are changing, which is reflected as selling pressure in the spot markets.
Since ETFs have lower liquidity compared to futures contracts, this situation can increase short-term volatility. This also means more risk for investors.