) has struggled to maintain its value above the $71,000 mark, a trend that some may view as a sign of bearish momentum. Nevertheless, insights from the BTC derivatives market reveal a more stable environment, as the previous atmosphere of rampant optimism has notably subsided.Currently, Bitcoin finds it challenging to hold its ground above the $70,000 threshold. Yet, certain analysts believe that the recent U.S.
In the past 30 days, both gold and Bitcoin have soared to all-time highs, while the U.S. government 2-year notes dropped to a nine-month low on April 9. This movement suggests a lack of investor appetite for a 4.7% fixed-income yield as a hedge against inflation.Bitcoin critics suggest that the recent drop in the S&P 500 index from its all-time high of 5,265 on March 28 may signal an upcoming economic downturn.
To confirm whether the decreased demand for leveraged long positions accurately reflects market sentiment, one should analyze the balance between call and put options demand. An increase in put option activity often reflects a market leaning toward a neutral or bearish outlook.Deribit BTC options put-to-call volume ratio. Source: Laevitas
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