The recent cryptocurrency bull run has hit a roadblock as futures market activity and ETF inflows decline. Futures open interest has decreased significantly, dropping from $225 billion in October to $144 billion, with Bitcoin's share falling from $96 billion to $64 billion. This decline is accompanied by flat funding rates, indicating low liquidity in the market.
Additionally, Bitcoin and Ethereum ETFs have experienced reduced inflows, with Ethereum ETFs losing $107 million this week. The Crypto Fear and Greed Index has fallen to 30, reflecting growing investor fear. This sentiment has contributed to profit-taking and subsequent declines in tokens such as Zcash, Filecoin, and ICP. Meanwhile, Digital Asset Treasury companies, including Michael Saylor's Strategy, have seen stock values drop by 50% from their yearly highs.
Crypto Bull Run Stalls Amid Declining Futures and ETF Inflows
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
