Wintermute: Derivatives market lacks clear directional outlook and trading willingness

CoinNetwork · 2026-02-24T10:37:41+00:00

Wintermute stated that Bitcoin failed to break through the $70,000 level, with market liquidity remaining insufficient and prices experiencing high volatility. Ethereum's price fell below $1,900, with key support at $1,600. Although prices are stabilizing, institutional demand has not yet rebounded, and the derivatives market lacks direction and trading interest.

CoinNetwork

2026-02-24 10:37:41

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Crypto界消息，Wintermute today tweeted that since the liquidation chain reaction two weeks ago, Bitcoin has repeatedly failed to break through the $70,000 mark. Compared to the price range itself, the lack of rebound buying pressure better explains the situation. Price movements are highly volatile, market liquidity is scarce, and the price range is narrowing with no clear direction. This week, ETH briefly fell below $1,900, a level that has more psychological than technical significance. For Ethereum, the key level to watch is around $1,600. Although prices are stabilizing, institutional demand does not seem to have rebounded, which is a stark contrast to the strong institutional demand when Bitcoin was trading between $85,000 and $95,000. In the derivatives market, there is a lack of clear directional views and trading interest. The basis is at multi-month lows, put skewness is rising and continuing to increase, and open interest has been steadily declining since October.

BTC-2.87%

ETH-2.85%

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