Glassnode researchers have noticed various trends in cryptoderivati markets
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Johny Smith
2025/01/24
3 mins read
An analysis of open interest (OI) for futures showed different trends for leading cryptocurrencies. In the case of bitcoin (BTC), there is a decrease in interest from traders. The medium -term trend line (SMA in 30 days) reached the peak and began to fall. The short-term (SMA in 7 days) fell below the medium-term, which indicates the closure of positions due to market uncertainty.
For ether (ETH), the situation looks more balanced. The Glassnode expert emphasized that open interest followed the dynamics of bitcoin and also decreased in mid -December. However, the short -term line began to recover, showing that traders again open positions. This may indicate a resume of interest in speculation on this digital coin.
The SOLANA market (SOL), on the contrary, demonstrates an increase in activity. The short -term trend line (SMA in 7 days) remains higher than the medium -term and continues to increase. This indicates that traders are actively adding positions, possibly waiting for an increase in the volatility in the market and take off the quotes.
Experts note that such diverse dynamics of open interest may be associated with changes in the mood of the bidders. For BTC A decrease in interest may be associated with uncertainty in relation to the long -term cryptocurrency perspective. At the same time, traders working with ETHthey can see in the current correction the possibility for re -entry.
For SOL, growing interest is due to the expectations of volatility. The growth of open positions is often accompanied by an increase in trade activity, which can lead to sharp fluctuations in prices.
The dynamics of open interest shows how traders adapt to market conditions. A decrease in interest in BTC and an increase in activity around SOL indicate a shift in the focus of market participants. Similar trends can influence the development of the situation in the coming weeks.
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