Bitcoin and Ethereum remain stable, but derivatives data shows traders are quietly increasing their exposure.
Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market value, were trading in a tight range on Friday. Prices barely moved, but activity in the futures and perpetual markets suggests traders are taking more risks.
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Bitcoin Price Prediction: Can BTC Maintain Its Weekly Structure If Volatility Increases?
According to CoinGecko. BTC is trading near $93,000, a slight gain of +0.4% on the day.
Bitcoin’s 24-hour spot volume is above $52 billion, showing that liquidity remains strong even as the market nears recent highs.
Data from DeFiLlama shows approximately $39.51 million in BTC perpetual volume on Bitcoin-based protocols over the past day.
The numbers indicate a market that doesn’t move much on the surface but creates leverage underneath.
CoinGlass places Binance Bitcoin futures open interest at nearly $10.80 billion. This is only a slight improvement from the day before, showing that traders are stable and not seeking risk ahead of the next big macroeconomic event.
Bitcoin is still holding above a key support zone after reacting cleanly to the 0.382 Fibonacci retracement.
This level comes from the full cycle and corresponds to the same point highlighted in the Daan Crypto report. chart.
The weekly structure is still intact. The price rebounded to near $84,000, which it marked as the lowest level BTC can drop without breaking its broader trend.
Its chart also shows the longer-term Fibonacci zones that have shaped the market since early 2023. The latest bounce shows that buyers are still defending the structure of this cycle.
Daan said: “This time BTC proved no different… Good initial bounce from that .382 level.”
He also warned that a move “below the November lows would spook the bulls.”
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Ethereum Price Prediction: Can ETH Hold Above Key Support After Reversal Signal?
CoinGecko data shows that ETH is currently trading at around $3,250, following a rise of around 3%.
Ethereum shows a clearer evolution today. Its 24-hour trading volume is close to $31.7 billion, and the stronger price action suggests buyers have returned after a short period of consolidation.
Derivatives activity on Ethereum is also picking up. Perpetual futures on the network transacted approximately $3.4 billion in volume over the past day, with open interest of approximately $180 million.
According to DeFiLlama dataweekly criminal activity is up more than +15%.
This signals a clear shift as traders once again take leveraged positions in the leading smart contract asset.
Ethereum pulled back after issuing a possible reversal signal on the daily chart, adding a cautious tone to its recent rise.
Analyst Ali Martinez common a chart showing an evening star doji, a pattern that often forms near short-term highs and suggests buyers may be losing strength.
The chart shows ETH breaking into the $3,320-$3,350 zone before the momentum fades. A doji candle appeared at the top of the move, showing hesitation.
The ensuing bearish candle made the change clearer, as sellers stepped in after several sessions of steady gains. If ETH fails to hold support around $3,170, the move could enter a short correction phase.
“Ethereum may be printing an evening star doji, a sign that momentum may be fading,” Martinez said.
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The article Bitcoin and Ethereum Price Prediction: Will BTC Weekly Structure and ETH Reversal Signal Hold Amid Growing Market Risk? appeared first on 99Bitcoins.
