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Bitcoin volatility index falls back to 47%, futures open interest drops to early-month range.

MeNews
ME News reported that on June 29 (UTC+8), BVIV dropped to 47%, halting its two-week uptrend, indicating that traders are betting on a stabilizing market environment. However, derivatives data for most of the top 25 tokens by market cap show that shorts still dominate price action. Bitcoin and Ethereum futures open interest have fallen back to the range seen at the beginning of the month, reflecting caution among traders. The positions of SOL and AVAX have raised concerns about the sustainability of the recent rebound. The altcoin market is trading sideways overall as investors await Bitcoin's next direction, with the CoinMarketCap Altcoin Season Index remaining at 49/100. (Source: ODAILY)
BTC1.12%
ETH3.04%
SOL6.77%
AVAX4.52%
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