**Bitcoin Holds Steady Despite Market Jitters**

Bitcoin's price took a dip to $67,000 on Oct. 21, wiping out gains from the past three days. Analysts suggest that fears of contagion from traditional markets led investors to reduce their Bitcoin exposure. However, Bitcoin derivatives metrics stayed stable, indicating no panic among traders.

- **Futures Premium**: The Bitcoin futures premium, a key indicator of market sentiment, remained above 9%, signaling continued bullishness.

- **Market Correlation**: Bitcoin's price movement mirrored the stock market's performance, with a 40-day correlation above 80% with the S&P 500.

- **Options Market**: The 25% delta skew metric showed a neutral to bullish sentiment, suggesting traders aren't expecting further declines.

Despite macroeconomic uncertainties, Bitcoin derivatives markets show resilience, with no signs of bearish bets.