Bitget Futures Market Update: Futures CVD Dips As Powell Pushed Back Against Rate Cut Bets
Bitget2024/02/02 05:45
By:Bitget
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
-
The chart shows the 24-hour change in cumulative volume delta (CVD) in futures and perpetual futures tied to the top 25 cryptocurrencies by market value.
-
Except for BTC, TRX, ATOM, and XMR, the CVD has been negative for most coins, indicating net selling pressure.
-
On Wednesday, Federal Reserve Chairman Jerome Powell pushed back against bets of a U.S. rate cut as soon as March, sending the dollar index to seven-week highs.
Source: Velo Data/CoinDesk
Futures Market Updates
Over the past 24 hours, the futures market went through a series of liquidations on short positions after a pullback. Major cryptocurrencies such as BTC and ETH still dominate the market. Investors are balanced between their long contracts and short contracts.
Bitcoin Futures Updates
Total BTC Open Interest: $17.54B (+2.50%) BTC Volume (24H): $37.73B (-19.51%) BTC Liquidations (24H): $9.20M (Long)/$17.51M (Short) Long/Short Ratio: 50.68%/49.32% Funding Rate: 0.0075%
Ether Futures Updates
Total ETH Open Interest: $7.66B (+1.96%) ETH Volume (24H): $13.15B (-33.14%) ETH Liquidations (24H): $5.05M (Long)/$9.02M (Short) Long/Short Ratio: 50.11%/49.89% Funding Rate: 0.0054% ---
Top 3 OI Surges
ZETA: $27.49M (+559.7849.24%) PYTH: $92.88M (+73.56%) JUP: $51.81M (+58.45%)
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Polygon CEO to burn 100 million POL tokens, price tests key support
Cointurk•2026/09/19 20:33
Ondo gains access to DTCC Fund/SERV as ONDO eyes breakout from bull flag
Cointurk•2026/09/19 19:33
Crypto Michael Explains Why He’s Still Long on XRP Since Last Month
CryptoNewsNet•2026/09/19 19:06
Crypto Landscape is Dynamic, Says Route2FI as Trends Emerge
CryptoNewsNet•2026/09/19 19:06
Crypto prices
More
Bitcoin
BTC
$81,007.93
-0.20%
Ethereum
ETH
$2,626.75
-0.19%
Tether USDt
USDT
$0.9996
-0.01%
BNB
BNB
$759.02
-0.68%
XRP
XRP
$1.42
+1.03%
USDC
USDC
$0.9998
+0.00%
Solana
SOL
$110.75
-2.42%
TRON
TRX
$0.3393
+0.24%
Zcash
ZEC
$1,477.69
-0.75%
Hyperliquid
HYPE
$91.54
-0.26%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now