VanEck Research Director: BTC derivatives protective demand reaches the 99th percentile in history, signaling a contrarian bullish indicator

金色财经_ · 2026-04-04T22:13:53+00:00

Bitmine Chairman Tom Lee reposted analysis from VanEck Research Director Matthew Sigel, pointing out that protective demand in the Bitcoin derivatives market has risen to a historic high, making it suitable for establishing long positions. Meanwhile, Sigel warned that if capital expenditures in the AI sector do not yield returns, it could put pressure on the market.

金色财经_

2026-04-04 22:13:53

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Golden Finance reports that Bitmine Chairman Tom Lee reposted an analysis by VanEck research head Matthew Sigel on the X platform. He said that the current protective demand in the bitcoin derivatives market has risen to the 99th percentile in history, which is often viewed as a “contrarian long” signal under extreme risk-averse market sentiment, and he believes that the market is currently suitable for building long positions.
Since its inception, the VanEck Digital Transformation ETF (NODE), which is also managed by Matthew Sigel, has risen by 27%, while bitcoin has fallen by 33% over the same period. It achieves lower volatility through diversified allocation and a focus on profitable segments. However, he also warned that if companies’ massive capital expenditures in the artificial intelligence (AI) space cannot generate corresponding returns, it may pose substantial pressure on the market, especially in a context where weights are concentrated in S&P 500 constituent stocks.

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