Crypto Markets Today: BTC Price Holds $103K as Altcoins Consolidate on 'Fearful' Sentiment
Bitcoin held around $103K while altcoins like AERO, STRK, and FET saw sharp pullbacks amid broadly fearful market sentiment.Summary
On Thursday, Bitcoin stabilized near $103,000 and Ether edged slightly higher, but the broader altcoin market experienced significant pullbacks, with AERO dropping 18% following a merger announcement with Velodrome, and STRK and FET also declining double-digits. Market sentiment remains firmly in "fear" territory, as indicated by the Fear and Greed index reading 25/100, despite trading volume increasing by 25%. Total open interest across crypto markets fell by 1.13% to $142 billion, suggesting traders are favoring spot exposure over leverage. The market is awaiting a catalyst to confirm direction, as the strong dollar index hovering near 100 threatens pressure on risk assets. Derivatives data shows a general removal of risk from futures markets, with BTC open interest dropping, and options flows indicating a near-term bias towards puts for downside protection.
(Source：CoinDesk)