Hey crypto enthusiasts! đ
đ The price of Bitcoin (BTC) dropped to $67,000 on Oct. 21, erasing the gains of the past three days. Some analysts believe this is because investors reduced their exposure out of fear of instability in traditional markets.
đ However, BTC derivatives remained stable, showing continued demand as a hedge. The annualized Bitcoin futures premium remained above 9%, a sign of optimism.
đ Although BTC remains correlated with the S&P 500, options markets indicate notable resilience.
What do you think about the stability of BTC derivatives? Leave us your comment! đŹ
