Wu Says Learned that CryptoQuant analyst Axel Adler Jr posted that Bitcoin derivatives market power (Market Power) has fallen from 41% to 13%. Although it remains in positive territory, it suggests that bullish momentum in the derivatives market has significantly weakened, while a bearish setup has not yet returned. Compared with June this year—when a similar indicator drop coincided with a decline in the BTC price—BTC price is currently still holding around $63.9k, indicating some resilience.

BTC1.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned