• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Bitcoin faces bearish sentiment amid derivatives metrics

Bitcoin faces bearish sentiment amid derivatives metrics

user avatar

by Liza Tanasova

2 years ago


Following its failure on October 8 to overcome the $28,000 resistance, Bitcoin just saw a 4.9% correction. However, it's unclear whether this will change the price range Bitcoin is currently trading in according to derivatives data.

Bitcoin faces bearish sentiment amid derivatives metrics - news

Despite the recent dip, Bitcoin has continued to perform well overall when compared to other assets. It has outperformed both Treasury Inflation-Protected Bonds (TIP), which witnessed a 4.2% decline during the same time period, and gold, which has dropped by 5% since June. The price of one bitcoin is still $27,700.

Given that Bitcoin's previous all-time high was $1.3 trillion in November 2021, investors might have bigger expectations. The usefulness of Bitcoin as an alternative hedge asset has come under scrutiny due to the strengthening of the US dollar and the solid S&P 500 index.

Bitcoin faces bearish sentiment amid derivatives metrics - news

Some gloomy indicators are seen when looking at Bitcoin's derivatives measures. The basis rate, a gauge of future contract premium, is at its lowest point in four months, indicating a decline in demand from buyers of leverage. Additionally, on October 10, the bearish 25% delta skew for Bitcoin options changed, with protective put options trading at a 13% premium above call options.

These indicators point to traders losing faith in Bitcoin's near-term prospects, which may be affected in part by the uncertainty surrounding Bitcoin spot ETF choices and worries about exchange exposure to regulatory difficulties.

In conclusion, even though Bitcoin continues to outperform conventional assets, derivatives metrics point to a market that is becoming increasingly negative, which could have an impact on its near-term price performance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

US Senate Initiates Discussion on Cryptocurrency Regulation Bills

chest

The US Senate begins discussions on cryptocurrency regulation bills with participation from industry experts.

user avatarGiorgi Kostiuk

Tether Holds Almost 80 Tons of Gold in a Swiss Vault

chest

Tether reports an $8 billion gold reserve stored in a secret facility in Switzerland.

user avatarGiorgi Kostiuk

Zebec Network Price Surge: 20% Increase After Parliament Invitation

chest

Zebec Network reports a 20% price increase following the leadership's invitation to speak at the UK Parliament.

user avatarGiorgi Kostiuk

Cryptocurrency Market: Ethereum Gains, Fartcoin Struggles

chest

Ethereum strengthens while Fartcoin struggles after a decline. What are the expectations ahead?

user avatarGiorgi Kostiuk

$80 Million Inflow in Bitcoin ETFs: A New Step in Institutional Investments

chest

On July 8, 2023, Bitcoin ETFs recorded a significant inflow of $80 million, highlighting growing confidence from institutional investors.

user avatarGiorgi Kostiuk

Kinetiq: A New Player in the Hyperliquid Ecosystem and HYPE Staking Activation

chest

Kinetiq launches on July 15, 2025, triggering HYPE unstaking and attracting institutional interest.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.