CriptoQuant Analyst: The market for bitcoin derivatives has experienced a significant decline in multi-dynamic energy, but the market has yet to be completely empty

CriptoQuant Analyst Axel Adler indicated that the multi-dynamic energy of the Bitcoin derivatives market had significantly weakened in the near future, but that it was still not moving towards a full-scale vision. The data show that the Bitcoin Derivative Market Power market dynamic indicator has dropped from 41 per cent to 13 per cent, which means that the derivatives market has contributed to a significant decline in the momentum of the rise, but the current market has not yet entered a visible bear market, as the indicators are still above zero. Similar declines in derivative market power occurred during June, when they were accompanied by a BTC price fall. At present, however, bitcoin prices remain close to about $639,000, indicating a relatively stronger market capacity. Axel Adler argues that the current market needs to focus on changes in derivative capital flows, and that if the indicator falls further into negative areas, it may mean that empty forces are again dominant; and if prices remain stable in the face of a multi-dynamic decline, it may reflect that spot demand still supports the market。