Derivatives Market Solid Despite BTC Drop to $69k Recent analysis indicates the Bitcoin derivatives market is showing resilience despite BTC briefly dipping below $69,000. This suggests underlying market confidence hasn't been severely shaken by the price fluctuation. Cointelegraph reported on the stability, noting that the BTC monthly futures premium remains around 4% compared to the spot market. This is only slightly below the neutral 5% level. Perpetual futures funding rates are also holding steady at approximately 4% per annum, consistent with the average of the previous two weeks. Option Skew Shows No Panic Importantly, the BTC option delta skew has remained at 11% for the past week. This indicates traders' perception of risk has not significantly changed, and there's no indication of widespread panic selling or extreme bearish sentiment. This suggests the market views the price dip as a temporary correction rather than the start of a major downturn. ```