According to Wu Blockchain, U.S. asset management firm VanEck released a report stating that BTC is currently around $63,700, down approximately 33% from its six-month high, with the derivatives market remaining cautious. The 1-month put/call options implied volatility skew has risen to 11.4 percentage points, and the 30-day annualized funding rate for perpetual contracts is about 4.5%, a historical range that typically corresponds to below-average returns over the next 30 to 180 days. Meanwhile, miners' daily revenue has dropped 39.5% year-over-year to approximately $28.5 million, with unit hashrate revenue falling to around $30.6 per PH/s/day, nearing multi-year lows. BTC that hasn’t moved for over a year accounts for 60.8% of circulating supply, indicating that the long-term supply structure remains relatively stable. https://(wublock123.com)/news/vaneck-btc-derivatives-cautious-signals-miner-hashrate-revenue-low-65038