Bitcoin volatility index falls to 47%, futures open interest drops back to early-month levels

Odaily Planet Daily News: BVIV has fallen back to 47%, pausing the upward trend of the past two weeks, indicating traders are betting on a stabilizing market environment. However, derivatives data for most of the top 25 tokens by market cap show that bears still dominate price movements. Bitcoin and Ethereum futures open interest has retreated to early-month ranges, reflecting cautious sentiment among traders. The positions of SOL and AVAX have raised concerns about the sustainability of the recent rebound. The altcoin market is largely consolidating, with investors awaiting Bitcoin's next direction, as the CoinMarketCap Altcoin Season Index remains at 49/100.