VanEck Research Director: BTC derivatives protective demand reaches historical extreme levels, signaling a contrarian bullish indicator

MeNews · 2026-04-05T13:32:48+00:00

ME News Report, April 4 (UTC+8), VanEck Research Director Matthew Sigel posted an analysis on the X platform indicating that the protective demand in the current Bitcoin derivatives market has risen to the 99th percentile in history. This is often seen as a "contrarian buy signal" during extreme risk-averse market sentiment, and suggests that the market is currently suitable for establishing long positions. Matthew Sigel also manages the VanEck Digital Transformation ETF (NODE), which has increased by 27% since inception, while Bitcoin has declined during the same period.

MeNews

2026-04-05 13:32:48

ME News update, April 4 (UTC+8). VanEck research director Matthew Sigel posted on X analyzing that the current protective demand in the Bitcoin derivatives market has risen to the 99th percentile of history. It is typically seen as a “contrarian long signal” under conditions of extreme risk-aversion in the market, and he judges that the market at this stage is suitable for establishing long positions. VanEck Digital Transformation ETF (NODE), which Matthew Sigel also manages, is up 27% since its inception, while Bitcoin is down 33% over the same period; through diversified allocation and a focus on profitable segments, it achieves lower volatility performance. However, he also warns that if companies’ massive capital expenditures in the artificial intelligence (AI) sector fail to generate corresponding returns, they may pose real pressure on the market, especially given the context in which weights are concentrated in S&P 500 constituent stocks. Note: Percentiles are a statistical position concept; the 99th percentile represents a relatively extreme level, while the 50th percentile represents the horizontal median. (Source: ChainCatcher)

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