Bitcoin holds near $77,400 as derivatives signal caution
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- Bitcoin price held near $77,400, up 0.7% since midnight UTC after a 5% weekly decline.
- Bitcoin futures open interest slipped by about 1,000 BTC globally, while total OI stayed around $127 billion, indicating traders trimming exposure.
- XRP open interest rose over 5% to 2.15 billion tokens, its highest since Oct 11, yet its 24‑hour cumulative volume delta was the second most negative among major coins, hinting at short‑seller activity.
- Implied volatility for Bitcoin and Ether fell to near‑2026 lows, prompting Deribit to flag long straddles as a favored near‑term trade.
- Ether price climbed 1% to $2,130, outpacing Bitcoin, while altcoins showed mixed moves (CHZ, TON, ATOM down 1‑3%; DASH, STRK, PYTH up 5%).
Why it matters: Traders trimming Bitcoin futures exposure while XRP short sellers may profit; low volatility invites straddle bets, and altcoins' mixed performance signals selective risk appetite for investors seeking upside.
