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

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© Reuters.

Bitcoin’s (BTCThe price fell below $40,000 on January 10, a sudden plunge that was felt by leveraged traders. The week saw $1.9 billion in long-term (buy) contracts liquidated, which caused traders’ morale to plummet.

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. This indicator measures traders sentiment by historical volatility and market momentum.

The top weekly losers and winners on January 17. Source: Nomics
OKEx USDT peer-to-peer premium vs. USD. Source: OKEx
BTC CME 2-month forward contracts premium, vs. Bitcoin/USD. TradingView