The crypto market sentiment has stabilized, moving from a 'Fear' level of 32 last week to a 'Neutral' 49, according to the latest Fear & Greed Index. Institutional interest remains strong, with Bitcoin ETF assets under management increasing by $4.1 billion in 24 hours, reaching a total of $123.6 billion. Derivatives trading volume surged by 80% to $1.41 trillion, with open interest at $811 billion.
While market sentiment has improved, it has not yet reached 'Greed' levels. The influx into ETFs provides structural support, but high leverage poses a risk of increased volatility during short-term corrections. Key indicators to watch include Bitcoin's funding rate and open interest trends, which could signal market overheating or deleveraging.
Crypto Market Sentiment Stabilizes Amid Institutional Demand
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