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According to Santiment data, Bitcoin's positive sentiment index has reached its highest level since February 6, while Bitcoin's price has risen by 7%, approaching $70,000. (Cointelegraph)

Odaily reported that, according to on-chain analyst Ai Yi's monitoring, the address "0x535…e8625" accumulated 3,824.73 PAXG at an average price of $5,030.39 between February 13 and February 23, with a total value of $19.23 millions, and has liquidated its holdings in batches over the past 3 hours.

PANews, March 3 — According to analysis by Cointelegraph, demand for bitcoin futures has dropped to its lowest level in 2024, indicating that many institutional traders remain cautious. Data shows that the total open interest in bitcoin futures on a certain exchange fell to $32 billions on Sunday, a 20% decrease from a month ago. Open interest denominated in BTC dropped to 491,300 coins, the lowest level since August 2024. The annualized premium rate for monthly bitcoin futures contracts fell to a one-year low of 2%, far below the neutral range of 5%-10%, and has consistently failed to maintain a bullish level over the past 12 months. Despite the decline in demand, analysts believe it is too early to assert that institutions are exiting the market. The daily trading volume of spot bitcoin ETFs still exceeds $3 billions, publicly listed companies hold over $79 billions on-chain, and CME futures open interest remains at $7.5 billions, all clear signals of institutional participation. The options market has not shown sustained pressure, with demand for put options lower than for call options. Analysts point out that although bullish confidence is lacking, the market remains balanced, and as more buyers return, fear and uncertainty will eventually dissipate.