The post Futures Market Shows Signs Of Exhaustion As Bitcoin Holds Above $80K appeared on BitcoinEthereumNews.com.

Bitcoin has maintained a high value, but futures indicators have declined since February 2025, indicating that the traders are conservative. The sentiment index is close to the lowest support level, anticipating bearish expectations in the futures market. BTC price fluctuates between $70K and $80K, and analysts are interpreting this as market uncertainty. CryptoQuant data has revealed an unprecedented correlation between Bitcoin’s price and sentiment in the futures market in recent days. This index contracted from November 2024 to February 2025, while Bitcoin rose above $100,000. The indicator rose to a high level and then started to decline to demonstrate that futures trading is showing initial signs of indecisiveness. Weakening Futures Sentiment Signals “The chart shows that while Bitcoin reached significant highs, futures sentiment weakened, which can be a warning signal of potential retracement or at least a lack of strong bullish conviction.” – By @abramchart pic.twitter.com/zzSmUJsQ8Y — CryptoQuant.com (@cryptoquant_com) April 16, 2025 Since February 2025, the sentiment has declined while keeping the BTC price in the $70,000 to $80,000 range. The chart shows that the index is coming back to its long-term support in the area of 0.4. This weakness in relative sentiment despite robust price rises means that there are likely short-term price corrections ahead. The future sentiment index is still down from recent highs and providing a more notably declining line on the chart. Some analysts have attributed this to increased risk aversion or profit-taking among investors. Some other contributors to lower levels of confidence in the derivatives market might be uncertainty in the regulatory environment or macroeconomic tension. Support and Resistance Levels Offer Sentiment Clues The sentiment index in the past has remained confined to certain ranges, with resistance around 0.8 and support close to 0.2. Current market values are slightly above the support level, suggesting significantly higher…

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Filed under: News - @ April 17, 2025 5:24 am