Editor's PiCK
"Bitcoin Futures Sentiment Index Decline, Increasing Adjustment Possibility"
Summary
- An analysis has emerged suggesting that the possibility of a Bitcoin adjustment has increased.
- The perpetual futures sentiment index is continuously declining, which is a strong signal of a Bitcoin adjustment.
- It was reported that economic uncertainty and regulatory risks are spreading fear in the futures market.
An analysis has emerged suggesting that the possibility of a Bitcoin (BTC) adjustment has increased, considering traders' sentiment index.
On the 16th (local time), CryptoQuant reported, "Although Bitcoin prices remain high, the perpetual futures sentiment index is continuously declining," stating, "This is a strong signal that Bitcoin may undergo an adjustment."
According to CryptoQuant data, the Bitcoin perpetual futures sentiment index reached 0.9 last December and has been continuously declining, currently remaining at the 0.4 level. The report stated, "This indicates that fear is spreading in the futures market due to economic uncertainty, regulatory risks, and concerns about a sharp price drop," adding, "If the sentiment index remains low, downward pressure may become stronger."
As of 8:13 PM, Bitcoin is trading at $83,988 on the Binance USDT market, down 1.72% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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