Bitcoin is showing relative strength compared to Ethereum at the moment. The spot cumulative volume delta barely indicates net taker sells, suggesting measured buying interest. Open interest got wiped out and hasn't recovered yet, which could signal some capitulation. Funding rates remain neutral across the board. Worth monitoring how these on-chain metrics play out in the coming sessions.
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Bitcoin is showing relative strength compared to Ethereum at the moment. The spot cumulative volume delta barely indicates net taker sells, suggesting measured buying interest. Open interest got wiped out and hasn't recovered yet, which could signal some capitulation. Funding rates remain neutral across the board. Worth monitoring how these on-chain metrics play out in the coming sessions.