Crypto Market Slips as Bitcoin and Ether Lose Ground

The crypto market is experiencing a downturn, with Bitcoin ($BTC) and Ether ($ETH) showing losses. While some risk assets like U.S. equity index futures are gaining ground, the crypto market is not following suit.

The Fear and Greed Index on CoinMarketCap sits at 34, indicating 'fear' territory, while the average Relative Strength Index (RSI) across crypto pairs has slipped to 44.07. This could be a sign that investors are becoming increasingly cautious.

Derivatives positioning suggests that demand for leverage remains low, with Bitcoin futures OI growth stalled near 750K $BTC. Solana ($SOL) is also seeing a trend of contraction, with futures OI declining to 62 million tokens.