Bullish crypto traders maintain the upper hand despite the total market cap rejecting at $1T

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Some analysts predict more dark days for the crypto market, but noshitcoins says derivatives data and multiple technical improvements in the market suggest bulls are improving their position.

) both declined after increased regulatory risks and the U.S. Department of Justice announced its arrest of the founder of Bitzlato, a peer-to-peer crypto exchange.Perpetual contracts, also known as inverse swaps, have an embedded rate that is usually charged every eight hours. Exchanges use this fee to avoid exchange risk imbalances.

Thus, traders should analyze the options markets to understand whether whales and arbitrage desks have placed higher bets on bullish or bearish strategies.Traders can gauge the market's overall sentiment by measuring whether more activity is going through call options or put options. Generally speaking, call options are used for bullish strategies, whereas put options are for bearish ones.

The neutral-to-bearish strategies remain strongly in demand in the BTC option markets, favoring call options by 23%.Derivatives markets suggest support at the $930 billion level is strong According to crypto derivatives metrics, there is hardly any sense of fear or absence of leverage buying demand after the total market capitalization first missed the opportunity to breach the $1 trillion mark. Those are encouraging signs, especially when combined with the technical analysis of the descending channel breakout.

 

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