#Bitcoin Futures Speculation Cools Down#
Hot Topic Overview
Overview
Bitcoin futures market speculation is cooling down. According to Glassnode data, the Bitcoin futures open interest (OI) indicator shows declining speculative momentum. The medium-term trend line (30-day SMA) has peaked and declined slightly, while the short-term trend line (7-day SMA) has broken below the medium-term trend line. This suggests that traders are closing positions due to market uncertainty, and speculative enthusiasm in the futures market has waned.
Ace Hot Topic Analysis
Analysis
Bitcoin futures market speculation has cooled, primarily due to market uncertainty leading traders to close positions. According to Glassnode data, Bitcoin futures open interest (OI) shows a decline in speculative momentum. The medium-term trendline (30-day SMA) has peaked and is now slightly declining, while the short-term trendline (7-day SMA) has broken below it. This indicates that traders are closing positions due to market uncertainty. Specifically, traders are closing positions in response to uncertain market conditions, leading to a cooling of speculation in the futures market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin futures open interest (OI) shows declining speculative momentum.
The medium-term trend line (30-day SMA) has peaked and is now slightly declining.
The short-term trend line (7-day SMA) has broken below the medium-term trend line.
Traders are closing positions due to market uncertainty.