BTC Volatility Index Declines to 50.8 Amid Investor Caution
Investors in cryptocurrency are currently taking a cautious stance due to mixed market signals. The BTC Volatility Index on Deribit has decreased from 72 to approximately 50.8 since January 20, indicating Bitcoin's maturation as an asset and its stabilization akin to traditional commodities.
Key developments include:
- FTX creditor payouts have commenced.
- Hayden Davis, co-creator of the Libra token, has claimed connections with Argentine President Javier Milei’s circle, intensifying controversy around the memecoin.
- Strategy, a major corporate Bitcoin holder, aims to raise $2 billion by selling zero-coupon convertible notes for additional BTC purchases.
- Brevan Howard Digital's CEO emphasized the necessity of continuous risk management within the evolving crypto landscape.
Market watchers are focused on upcoming Federal Reserve meeting minutes and potential tariff impacts discussed by President Trump.
Upcoming Events
Crypto:
- Feb. 19: Fold Holdings shares begin trading on Nasdaq.
- Feb. 19: Monad’s public testnet launches.
- Feb. 21: TON becomes the exclusive blockchain for Telegram’s Mini App ecosystem.
- Feb. 24: Ethereum's Pecta upgrade testing starts.
Macro:
- Feb. 19: Fed releases minutes from January FOMC Meeting.
- Feb. 20: Canada reports January producer price inflation data.
- Feb. 20: U.S. Department of Labor releases initial jobless claims report.
Market Overview
BTC is up 1.34% at $96,356.41 while ETH has increased by 3.25% to $2,735.66. The CoinDesk 20 index is down 2.80% to 3,195.66.
BTC Dominance stands at 61.08%. The CME Futures Open Interest is recorded at 172,530 BTC.
Technical Analysis
The SOL-BTC ratio indicates potential ongoing underperformance for Solana.
Crypto Equities Performance
- MicroStrategy closed at $333.97 (-1.11%).
- Coinbase closed at $264.63 (-3.53%).
- MARA Holdings closed at $16.05 (-5.03%).
ETF Flows
Spot BTC ETFs saw a daily net outflow of $60.7 million, while spot ETH ETFs experienced an inflow of $4.6 million.
Recent News Highlights
- Wintermute Trading plans expansion in the U.S. market.
- Discussion on FTX's impact reveals the need for improved risk management.
- A federal court has ordered the forfeiture of assets worth approximately $1 billion from Sam Bankman-Fried.
Stay informed on these developments to guide investment decisions effectively.