Asia Morning Briefing: Cautious Calm Returns to BTC Markets as Traders Rebuild Risk

Bitcoin and Ether start the week trading above $110,000 and $3,880, despite recent declines of 10% and 14% respectively over the past month. Traders are gradually re-entering the market as liquidations ease following a volatile week triggered by the Federal Reserve's actions. FlowDesk reports increased net buying in BTC, HYPE, and SYRUP tokens, though Solana-linked assets are lagging. Approximately $155 million in crypto derivatives were liquidated, indicating a moderate flush of overleveraged long positions rather than widespread panic selling. The derivatives market has displayed caution with elevated put skew and the prevalence of call selling and put buying in BTC and ETH options, suggesting that while volatility is calming, fear remains. Overall, crypto markets are observing a wait-and-see approach as traders look for fresh catalysts, with stable conditions characterized by cautious buying and optimizing strategies in response to previous market movements.

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