Bitcoin (BTC) is maintaining a neutral market sentiment amid a weak trend. Although a correction of around 7% has occurred recently, no clear signs of fear have been detected in the derivatives market.
Bitcoin dropped below $115,000 (approximately 159.85 million won) for the first time in two weeks, falling about 4% between Thursday and Friday (local time). This correction, coinciding with the monthly futures and options expiration, triggered futures liquidations totaling $390 million (approximately 542.1 billion won), which represents about 14% of total open interest.
However, looking at the structure of the Bitcoin derivatives market, long-term expectations remain alive despite short-term price declines. In the options market, the ratio of call options and put options remains balanced, suggesting that investors are taking a wait-and-see attitude rather than betting on a specific direction.
Meanwhile, stablecoin demand in China continues to remain stable. This is interpreted as evidence that there has been no extreme market anxiety or rapid capital outflow. Generally, a sharp increase in stablecoin premium is seen as a signal of maximized risk aversion, but currently, the market appears calm.
The recent Bitcoin decline is interpreted as a result of a combination of technical adjustment and futures expiration. However, the overall market atmosphere is still closer to 'neutral rather than fear'. This shows that traders are calmly responding to short-term price fluctuations and maintaining a long-term optimistic outlook.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
