Bitcoin, Ethereum Go Sideways All December: Why Is The Market So Slow?

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices remained largely stagnant in December, even as derivatives activity and leverage quietly increased.

What Happened: Data from on-chain data provider CryptoQuant shows that instead of capitulating amid falling volumes and elevated fear, traders added leverage.

Combined Bitcoin and Ethereum futures open interest rose about 7%, or roughly $2 billion to $3 billion, during December, even as BTC hovered near $88,000 and the Fear & Greed Index fell to 27.

Over the past week alone, …

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