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

Bitcoin and Ether are trading cautiously above $110,000 and $3,880, respectively, despite a significant drop over the last month. Traders are slowly re-entering the market after a selloff driven by the Federal Reserve's actions. FlowDesk reported net buying in BTC and tokens such as HYPE and SYRUP, despite Solana-linked assets lagging behind. Approximately $155 million in crypto derivatives were liquidated in the past 24 hours, primarily affecting overleveraged longs. Market sentiment indicates a return to risk-taking, but caution persists among traders, particularly with elevated put skew in options markets. Overall, crypto markets remain in a wait-and-see phase for a significant market catalyst, with Bitcoin dominance rising as traders consolidate positions. Gold prices eased slightly but maintained gains amid geopolitical tensions and economic uncertainty.

Source 🔗