February 13 News: Bitcoin’s recent price has continued to face pressure, failing to stay above $72,000. Meanwhile, the total open interest in Bitcoin futures has fallen to $34 billion, hitting a new low since November 2024, down approximately 28% from 30 days ago. Although the number of open contracts measured in Bitcoin remains around 502,450, indicating that overall leverage demand has not significantly decreased, forced liquidations have accumulated to $5.2 billion, intensifying market concerns that Bitcoin may fall back to the $60,000 support level.
The weak bullish leverage demand in the market highlights a decoupling of Bitcoin from traditional financial markets. Over the past month, Bitcoin has declined 28%, with investors lacking clear catalysts. Meanwhile, gold prices have returned to the psychological level of $5,000, and the S&P 500 index is approaching record highs. Some analysts believe that risk-off sentiment stems from a soft U.S. labor market. Data from the U.S. Department of Labor shows that 181,000 new jobs will be added in 2025, below expectations, but the White House emphasizes that slowing population growth is leading to decreased demand for jobs.
Derivatives market data shows that the annualized funding rate for Bitcoin futures remains below the 12% neutral threshold, indicating persistent panic sentiment. Deribit Bitcoin options delta skew has surged to 22%, well above normal ranges, reflecting continued bearish pressure. Professional traders remain cautious about downside risks, and short-term bullish signals are limited.
Despite weak market indicators, the average daily trading volume of Bitcoin ETFs listed in the U.S. still reaches $5.4 billion, contrasting with declining institutional demand. This suggests that Bitcoin’s potential recovery may depend on further clarity in the U.S. employment market and macroeconomic data, while also testing investors’ risk appetite for cryptocurrencies.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Analyst and Expert Says Bull Market Is Confirmed as Bitcoin Survives Shakeout
Crypto analyst and expert says bull market is confirmed.
Bitcoin survives a shakeout nd mirrors 2022 price chart.
This shows a positive sign for BTC to set a new ATH price soon.
The crypto market seems to be heading into a strong recovery phase as the price of Bitcoin (BTC) recovers pr
CryptoNewsLand21m ago
Bitcoin Holds Steady Amid Middle East Escalation
Bitcoin remains resilient at $70K despite escalating Middle East tensions, reflecting strong investor confidence with exchange-held assets at a six-year low. Market participants show stability amidst volatility, demonstrating a capacity to price geopolitical risks.
CryptoFrontNews46m ago
Michael Saylor Releases Bitcoin Tracker Information Again; MicroStrategy May Disclose Increased Holdings Data Next Week
Gate News report: On March 15th, Strategy founder Michael Saylor released information about Bitcoin Tracker again and wrote: "Stretch the Orange Dots." Based on previous patterns, Strategy typically discloses bitcoin holdings increases the day after releasing relevant information, with the market expecting new increase data to be announced next week.
GateNews52m ago
Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents
Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks.
NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration.
Brave has added NEAR Intents to it
CryptoNewsFlash1h ago
Bitcoin Hits 6-Year Peak in Whale Activity As Price Stands Stable Near $70K
Bitcoin ($BTC) has hit a 6-year high in whale activity, with the Exchange Whale Ratio rising to 0.62. This surge suggests a potential market turning point, as large holders position themselves for upcoming trends, presenting opportunities for retail investors amidst contrasting market sentiments.
BlockChainReporter1h ago
