📉 BTC fell to $67k on October 21, wiping out the previous 3 days of gains. Some analysts attributed this to concerns from traditional markets.

📊 However, BTC derivatives remain stable. If whales predict a deeper decline, these indices will be more volatile.

💡 BTC futures premium remains above 9%, indicating bullish sentiment. BTC has not yet decoupled from the stock market.

📈 The 40-day correlation between BTC and the S&P 500 is above 80%, indicating that both move in the same direction. The correlation between BTC and gold also rose above 80% on October 3.

🛡️ Other derivatives indices such as the skew delta of 25% indicate that the market remains neutral to bullish.

👉 What do you think about this situation? Share your opinion! 💬#Bitcoin#Crypto#Finance#Blockchain