Crypto relief rally fails to shake persistent bearish derivatives signal
CoinDesk·
60-second summary
The crypto market is experiencing a relief rally tied to recovering U.S. equities, lifting BTC and ETH off weekly lows, with BTC up 4.5% and ETH up 5.2% in the past 24 hours. However, bearish derivatives positioning and negative CVD suggest the rebound may be fragile, indicating ongoing market uncertainty and potential volatility ahead.
A relief rally tied to recovering U.S. equities lifted BTC and ETH off weekly lows, but bearish derivatives positioning and negative CVD suggest the rebound may be fragile.