🚀 Bitcoin Takes a Dip, But Derivatives Hold Steady! 🚀
Bitcoin (BTC) dipped to $67,000 on Oct. 21, erasing gains from the previous three days. Analysts blame traditional market fears for the correction. But wait! BTC derivatives metrics stayed rock solid. 🪨
- Futures premiums remained above 9%, signaling bullish vibes.
- Correlation with the S&P 500 hit 80%, showing Bitcoin's dance with stocks.
- Options markets? Still leaning bullish with a neutral skew.
Despite the dip, Bitcoin's resilience shines through. What are your thoughts on BTC's next move? Drop a comment below! 💬