VanEck Research Director: Protective demand for BTC derivatives reaches the 99th percentile historically, signaling a contrarian bullish stance.

CoinFeed reported on April 4th that Bitmine Chairman Tom Lee shared an analysis by VanEck Research Director Matthew Sigel on the X platform. Lee pointed out that the current protective demand in the Bitcoin derivatives market has risen to the 99th percentile historically, which is generally seen as a "contrarian long signal" during periods of extreme market risk aversion. Lee believes the current market stage is suitable for establishing long positions. Matthew Sigel also manages the VanEck Digital Transformation ETF (NODE), which has risen 27% since its inception, while Bitcoin has fallen 33% over the same period, achieving lower volatility through diversified allocation and focusing on profitable sectors.