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Bitcoin Derivatives Shows Macroeconomic Uncertainty

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The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Today we’ll cover the latest in the bitcoin derivatives market. At the time of writing, the price of bitcoin is up approximately 8% over the previous day’s time. When analyzing the derivatives data, the previous two months have brought about a regime of periodically negative funding, showing the caution shown by market participants during a period of macroeconomic uncertainty.

Analyzing bitcoin derivatives data makes it clear that market participants are cautious in this period of uncertainty.

The bitcoin price weighted by the hourly perpetual funding rate demonstrates caution by market participants.



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