caueconomy
Bitcoin Open Interest are up more than 28% since BlackRock's first ETF order.
Derivatives traders may be dominating the current market momentum after a period of spot dominance. Could it be the beginning of FOMO? We may be seeing the first signs of widespread FOMO among institutional and retail players. Something that is not positive for price action. The SPOT force is what must be tracked at this time. And when we look at the cumulative volume delta of the spot market, the picture is not so positive. Spot selling pressure with increased positions in futures contracts usually negatively affects the price of BTC in the short term.