Anyway, the Bitcoin derivatives rally is already deflating, as I expected. Prices have dropped back below $75,000, and it seems that the momentum is fading. I noticed that other altcoins like Doge also rode the wave, but now everything is returning to ground.

Looking at the current data, BTC is at $73,950 with a 0.91% decrease in the last 24 hours. It’s not a dramatic crash, but it’s significant. What strikes me is how quickly the sentiment has changed compared to a few days ago when everyone thought the derivatives rally would push even higher.

I wonder if this is just a temporary correction or if the market has truly lost confidence. Usually, when derivatives lead a move, it’s more fragile than it seems. Who knows if we’ll try to climb again tomorrow or if we’ll continue to fall. Anyway, it’s interesting to observe how Doge and the other altcoins are following the same pattern.