Wu Blockchain reports that CryptoQuant analyst Axel Adler Jr noted in a post that Bitcoin derivatives market power has dropped from 41% to 13%. While it’s still in positive territory, this indicates that bullish momentum in the derivatives market has significantly weakened, though a bearish scenario has not yet returned. Comparing this to June of this year, a similar indicator decline was accompanied by a drop in BTC price. However, the current BTC price remains resilient around $63,900. https://www.(wublock123.com)/news/news-64876