[Analysis] "No signs of the Bitcoin bull market ending this year based on derivatives indicators"

According to analyses, there are no clear signals based on Bitcoin derivatives indicators suggesting that the bull market will end in 2025.

On the 2nd (local time), Cointelegraph reported that the 5% delta skew in the derivatives market is hovering at the borderline between neutral and bearish. This marks a shift from the bullish trend observed on July 18, reflecting that investors' confidence in the $114,000 support level has decreased.

Meanwhile, Strategy announced plans this week to issue $4.2 billion worth of shares, which is expected to help prevent large-scale Bitcoin selling and contribute to the stability of the derivatives market.

Cointelegraph analyzed, "Looking only at current derivatives indicators, there is no clear sign that the bull market in 2025 has ended, and traders are not overreacting to short-term declines. August has traditionally been a correction period for Bitcoin, and aside from the years following halvings, trading volumes tend to slow down." Meanwhile, many market analysts expect the bull market to last until October this year.