CriptoQuant Analyst: the market power of bitcoin derivatives dropped to 13 per cent

CriptoQuant Analyst Axel Adler Jr wrote that the market power of bitcoin derivatives had dropped from 41 per cent to 13 per cent. While still in the positive zone, this suggests that the upward momentum of the derivatives market has significantly diminished and that the decline has not yet returned. Compared to June this year, the decline in similar indicators was accompanied by a fall in the price of the BTC, which is still around $639,000, showing some resilience。