**In the last 30 days, there has been a significant cooling in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and meme coins, while significant decreases in open positions (OI) were observed.
After trading between $93,000 and $97,000, Bitcoin has rallied in value over the past few days, approaching $99,000 and attracting investors' attention again. However, there is a market-wide cooling.
According to Glassnode data, capital inflows are weakening, while derivative markets are also contracting. Changes in open positions indicate that investors are starting to act more cautiously. Bitcoin (BTC) open position ratio is %11.1, Ethereum (ETH) %23.8, Solana (SOL) %6.2, meme coins have declined by 52.1%.
Decline in derivative markets, investors cautious
The significant drop in open positions indicates a decrease in leveraged speculation and a weakened risk appetite in the market. The major decline in meme coins shows that short-term investments in these assets are rapidly disappearing, and investors are turning to safer assets.
Bitcoin and Ethereum remain more positive in the derivatives markets, while there is a general decrease in interest in risky assets.
This cooling situation can have both positive and negative consequences in the market. On the positive side, a less risky environment can provide a more sustainable growth for investors and prevent excessive volatility.
However, on the negative side, investors fleeing risky assets, especially the significant decline in meme coins, can put those investing in such assets in a difficult situation. Nevertheless, Bitcoin approaching $99,000 could lead to renewed confidence in the market and trigger a new uptrend in the future.
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For a Month, Cooling is Happening in Bitcoin, Ethereum, and Meme Coins: What Will It Bring? - Coin Bulletin
**In the last 30 days, there has been a significant cooling in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and meme coins, while significant decreases in open positions (OI) were observed.
After trading between $93,000 and $97,000, Bitcoin has rallied in value over the past few days, approaching $99,000 and attracting investors' attention again. However, there is a market-wide cooling.
According to Glassnode data, capital inflows are weakening, while derivative markets are also contracting. Changes in open positions indicate that investors are starting to act more cautiously. Bitcoin (BTC) open position ratio is %11.1, Ethereum (ETH) %23.8, Solana (SOL) %6.2, meme coins have declined by 52.1%.
Decline in derivative markets, investors cautious
The significant drop in open positions indicates a decrease in leveraged speculation and a weakened risk appetite in the market. The major decline in meme coins shows that short-term investments in these assets are rapidly disappearing, and investors are turning to safer assets.
Bitcoin and Ethereum remain more positive in the derivatives markets, while there is a general decrease in interest in risky assets.
This cooling situation can have both positive and negative consequences in the market. On the positive side, a less risky environment can provide a more sustainable growth for investors and prevent excessive volatility.
However, on the negative side, investors fleeing risky assets, especially the significant decline in meme coins, can put those investing in such assets in a difficult situation. Nevertheless, Bitcoin approaching $99,000 could lead to renewed confidence in the market and trigger a new uptrend in the future.