Analysis: The crypto market is experiencing a phased rebound, but risk appetite in the futures market remains cautious.

CycleProphet · 2026-02-04T11:46:14+00:00

The crypto market stabilizes after a sell-off, with Bitcoin and Ethereum rebounding, but the risk in the derivatives market decreases, and open interest drops to a new low. The US government financing plan boosts global risk assets, leading to synchronized increases in gold and silver prices.

CycleProphet

2026-02-04 11:46:14

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Deep Tide TechFlow News, February 4th, according to CoinDesk reports, the crypto market showed signs of stabilization after a sharp sell-off on Tuesday. Bitcoin and Ethereum rebounded from their recent lows, but the derivatives market remains in a risk-off state. In the derivatives sector, traders continue to reduce risk exposure, with the total open interest in crypto futures contracts across the network dropping to $105.9 billion, the lowest level since April last year. The 30-day implied volatility for Bitcoin rose to an annualized 53%, the highest since December 1st. The open interest for Bitcoin and Ethereum futures decreased by 0.7% and 2%, respectively. On the macro front, the U.S. House of Representatives passed a government funding bill to end partial government shutdowns, boosting U.S. stock futures and global risk assets; precious metals also rebounded, with gold surpassing $5,000 and silver rising to around $90, with a nearly 6% daily increase.

BTC-13,42%

ETH-14,25%

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