Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders By Cointelegraph


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Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge.

The crypto “Fear & Greed” index, which ranges from 0 “extreme fear” to 100 “greed” reached 10 on Jan. 10, the lowest level it has been since the Mar. 2020 crash. The indicator measures traders’ sentiment using historical volatility, market momentum, volume, dominance and social media.

Top weekly winners and losers on Jan. 17. Source: Nomics
OKEx USDT peer-to-peer premium vs. USD. Source: OKEx
BTC CME 2-month forward contract premium vs. Bitcoin/USD. Source: TradingView