Bitcoin and major tokens decline as derivatives data indicate risk-off sentiment
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Bitcoin continues its recent downward trend, stabilizing below $70,000. Derivatives data shows a clear risk-averse sentiment in the market, including a decline in futures open interest, negative funding rates, an increase in short positions, and rising implied volatility, indicating strong demand for short-term downside protection. In addition, the new token RNBW from crypto wallet Rainbow has dropped about 75% from its ICO price due to distribution delays and infrastructure issues.
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Crypto prices
MoreBitcoin
BTC
$79,172.51
-0.97%
Ethereum
ETH
$2,487.14
-0.31%
Tether USDt
USDT
$0.9998
-0.01%
BNB
BNB
$739.98
-1.29%
XRP
XRP
$1.4
-1.05%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$103.99
-1.49%
TRON
TRX
$0.3346
-0.16%
Hyperliquid
HYPE
$85.47
-2.17%
Zcash
ZEC
$1,156.05
-5.20%
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