Viewpoint: The volatility of Bitcoin and the decrease in open contract positions indicate that traders are adopting a wait-and-see attitude

According to BlockBeats, on February 21st, Bitcoin traders are adopting a wait-and-see attitude due to weakened demand, lack of blockchain activity, and slowing liquidity inflows. Their attitude is not only reflected in the decrease of volatility, but also in the significant reduction of their holdings. The market is currently in a cooling phase, "said David Gogel, Vice President of Strategy and Operations at dYdX Foundation. Bitcoin has remained strong, but after failing to break through $105000 in January, we saw a slowdown in capital inflows and speculative assets like Meme were hit hard. "(CoinDesk)