The cryptocurrency market remained under pressure throughout June, with BTC and ETH declining 20.43% and 21.67%, respectively, as the overall market price level continued to trend lower. The derivatives market remained in a deleveraging phase, with open interest in BTC and ETH perpetual contracts continuing to decline, long liquidations significantly exceeding short liquidations, and funding rates staying broadly neutral. Against this backdrop, Gate Research has released its latest Crypto Market Quantitative Analysis Report, providing a comprehensive review of June's market performance, derivatives market structure, and the performance of the Dense Moving Average Breakout Strategy.
- BTC and ETH fell 20.43% and 21.67%, respectively, as the market remained in a broad downtrend with a continued decline in price levels.
- Open interest in BTC and ETH perpetual contracts decreased by 25.76% and 26.31%, respectively. Long liquidations significantly exceeded short liquidations, while funding rates remained broadly neutral.
- The market repeatedly transitioned from narrow-range consolidation into directional expansion, creating a more favorable environment for trend-following and breakout confirmation strategies.
- Parameter backtesting showed that the Dense Moving Average Breakout Strategy outperformed a buy-and-hold approach overall.
- AAVE USDT emerged as June's best-performing case study, delivering a 60.20% net return versus 3.76% for buy-and-hold, while limiting maximum drawdown to 12.90%.
The report concludes that the defining feature of June was the continuation of trend-driven market conditions amid ongoing deleveraging. Although BTC and ETH staged a modest rebound in mid-June, the recovery lacked follow-through, with the broader decline driven primarily by spot selling pressure and weakening risk appetite. Quantitative backtesting indicates that the Dense Moving Average Breakout Strategy outperformed buy-and-hold during directional market phases, with AAVE USDT delivering the strongest overall results. Looking ahead to July, investors should closely monitor BTC's trend, changes in derivatives open interest, and funding rates, while incorporating volume confirmation and BTC trend filters to improve signal quality.
Discover more details today： → Gate Research: BTC & ETH Both Correct, Trend Strategies Take Center Stage for Gains
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
July 10, 2026
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