Bitcoin holds near $77,400 as derivatives signal caution
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Bitcoin rose 0.7% to $77,400, despite a decline in futures open interest, indicating traders are reducing exposure. XRP's open interest increased to its highest since October, with a 5% rise to 2.15 billion XRP. Negative cumulative volume delta suggests some traders may be shorting. Implied volatility for Bitcoin and Ether is at 2026 lows, leading Deribit to recommend long straddles for those expecting significant price movements.
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