Bitcoin (Bitcoin) Prices continue to weaken Shuffle of leveraged traders In the derivatives market on November 10. This resulted in the derivatives financing interest rate of various exchanges falling to a neutral area of ​​0.01%.

Data analysis company Arcane Research stated in its latest weekly newsletter, The derivatives market has matured Compared with the record high in April. The company emphasized that the difference between bitcoin spot prices and futures prices was at a high level in April, but it has fallen sharply, “indicating that the market is healthier.”

Daily cryptocurrency market performance. source: Coin 360

According to Eric Balchunas, a senior ETF analyst at Bloomberg, the ProShares Bitcoin Futures Exchange Traded Fund (ETF) has Soaring popularity, In terms of trading volume, its average trading volume ranks among the top 2% of all ETFs.

Another sign of the growing popularity of cryptocurrency is Grayscale Investment, which has more than 60 billion U.S. dollars in assets under management, overturning SPDR Gold Shares (GLD), the largest gold fund.

In the short term, will Bitcoin and altcoins recover from their strong support levels, or will profit bookings drag prices down sharply? Let’s study the charts of the top 10 cryptocurrencies to find out.