The post BTC Futures Show Decline in Speculative Momentum Amid Market Uncertainty appeared on BitcoinEthereumNews.com.

According to a recent update from COINOTAG News on January 9th, data from Glassnode highlights a notable shift in the BTC Futures Open Interest (OI), revealing a decrease in speculative activity. The analysis shows that the mid-term trendline, represented by the 30-day Simple Moving Average (SMA), has reached its peak and is now experiencing a minor decline. Concurrently, the short-term trendline, indicated by the 7-day SMA, has fallen below the mid-term line. This trend suggests that a significant number of traders are opting to liquidate their positions amidst rising market uncertainty, potentially signaling a cautious approach to Bitcoin trading moving forward. More cohesive insights from this data can help investors navigate the evolving landscape of cryptocurrency. Source: https://en.coinotag.com/breakingnews/btc-futures-show-decline-in-speculative-momentum-amid-market-uncertainty/

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Filed under: News - @ January 9, 2025 4:26 pm