The only connection between this week’s top gainers seems to be the metaverse and gaming sector, which has been on a bull run since Facebook rebranded to Meta on Oct.
Meanwhile, the cryptocurrency total futures open interest was negatively impacted by the generalized price drop.
Despite this, the indicator remained at a healthy $50.3 billion mark, which is 60% higher than two months ago.
The above data might not sound encouraging, but considering that Bitcoin suffered considerable losses this week, the overall market structure held nicely.