Asia Morning Briefing: Cautious Calm Returns to BTC Markets as Traders Rebuild Risk
CoinDesk
Bitcoin and Ether stabilized near key levels as traders cautiously resumed buying after recent deleveraging following the Fed meeting.Summary
Bitcoin is trading near $110,000 and Ether around $3,900 as the Asian market opens, following significant declines over the past 30 days. Market makers noted that clients paused new risk after the Federal Reserve meeting but showed net buying in specific tokens like BTC, suggesting traders are now underexposed if a rebound occurs. The derivatives market saw liquidations dominated by overleveraged long positions, indicating moderate flushing rather than panic. While volatility remains cautious with elevated put skew, borrowing demand for altcoins remains strong. Overall, crypto markets are in a wait-and-see mode, looking for a new catalyst.
(Source：CoinDesk)