BTC ve ETH türevleri, duyarlılık değişiminin ortasında taze para görüyor — OKX Piyasa Raporu

There has been a noticeable shift in crypto-market sentiment in July, coinciding with upward price action for cryptocurrency-market leaders BTC ve ETH.

OKX ile ilgili verilere bir göz atalım.

Anahtar teslim paketler

Open interest for both BTC ve ETH futures suggests money is entering the market, as opposed to leaving.
BTC options open interest is similarly bullish, indicating more money is changing hands.
Sentiment among top traders has temporarily bottomed and is turning toward optimism.
Top-trader sentiment for ETH has increased more sharply than BTC — a likely result of Ethereum’s impending switch to proof-of-stake.

Open interest indicates new money is entering the BTC and ETH markets

İçin açık ilgi BTC vadeli işlemleri on OKX has been increasing steadily.

Because open interest represents the total number of outstanding derivative contracts that have not been settled, the clear conclusion is that new money has been flowing into the BTC futures market — given the defined upward trajectory. This is generally considered to be bullish.

*BTC futures open interest on OKX has been increasing steadily throughout late June and early July. Source:* *OKX uzantısı*

ETH vadeli işlemleri open interest is also on an upward trajectory — though has been somewhat more volatile than BTC.

Bu nedenle duruyor money is also entering the ETH side of the futures market ahead of Ethereum’s highly anticipated switch to proof-of-stake — called “The Merge.”

*ETH futures open interest on OKX has been increasing — though not as smoothly as BTC futures open interest. Source: OKX uzantısı*

BTC options open interest is similarly bullish

İçin açık ilgi BTC seçenekleri is also in a general uptrend following a series of higher lows.

As is the case with the BTC futures market, the increase in BTC options open interest indicates that money is entering the market — as opposed to leaving it. This is generally interpreted as a bullish sign.

*BTC options open interest has seen a general increase in July. Source:* *OKX uzantısı*

Top-trader sentiment is becoming optimistic

Though the BTC top trader sentiment index on OKX has been in a general decline throughout June, it appears to have bottomed out near the start of July — since which point it has been trending upward.

The bullish sentiment has increased alongside the price of BTC and illustrates that the extreme fear experienced in recent months is giving way to optimism. However, patience may be necessary — as being overly optimistic could lead to a vicious bull trap in an objectively pessimistic macro environment.

*The OKX BTC Top Trader Sentiment Index seemingly bottomed out near the start of July. Source:* *OKX uzantısı*

The sentiment among top ETH traders on OKX has increased more sharply than with BTC — likely a result of increased optimism surrounding Ethereum’s impending switch to proof-of-stake. With the upgrade currently on track for August or September, it is clear that many traders are finding The Merge to be an obvious catalyst for potential ETH price appreciation.

*The OKX ETH Top Trader Sentiment Index is experiencing a sharper uptrend than the OKX BTC Top Trader Sentiment Index. Source:* *OKX uzantısı*

It is worth noting that the sentiment shift is not necessarily market-wide. For example, ADA ve LTC have seen decreases in top-trader sentiment during the same time period — indicating that top traders may be more focused on BTC, ETH and newer altcoins.

*The OKX ADA Top Trader Sentiment Index shows a decline in optimism surrounding ADA. Source:* *OKX uzantısı*

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Source: https://www.okx.com/academy/en/btc-eth-derivatives-sentiment-shift