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
Bitcoin Rallies to Weekly High of $71,500 Amid Geopolitical Turmoil and Crypto-Specific Demand
Bitcoin has climbed 2.6 percent to approximately $71,500, reaching its highest level in a week, defying sharp declines in U.S. equities and a surge in oil prices past $100 per barrel amid escalating Middle East tensions.
CryptopulseElite11m ago
UK-listed company B HODL adds an additional $468,500 to its Bitcoin purchase
Gate News reports that on March 13, UK-listed company B HODL (ticker: $HODL) announced an additional capital deployment of $468,500 to continue purchasing Bitcoin.
GateNews33m ago
BTC drops below 71,000 USDT
Gate News bot message: Gate market data shows BTC has broken below 71000 USDT, current price 70988.1 USDT.
CryptoRadar48m ago
Ark Invest Discovers Over $480 Billion in Bitcoin Vulnerable to Quantum Computing Attacks
A new report from ARK Invest warns that approximately 6.9 million Bitcoin — equivalent to an estimated value of 483 billion USD at an average price of 70,000 USD — are at risk of being attacked by quantum computers in the future.
Risk from elliptic curve cryptography
This threat centers on the elliptic curve cryptographic system
TapChiBitcoin1h ago
Perp DEX Becomes Largest Battlefield on Blockchain, Derivatives Volume 10 Times Spot Trading Sparks Competition
Cryptocurrency derivatives trading volume has significantly surpassed spot trading, making perpetual futures decentralized exchanges (Perp DEX) a core battleground for blockchains. Major public chains including BNB Chain's Aster, Aptos's Decibel, and Hyperliquid have begun deploying Perp DEX to enhance liquidity and trading environments. However, liquidity tends to concentrate among a few dominant platforms. In the future, platforms offering unique yields may emerge as long-term winners.
MarketWhisper1h ago
