{"id":30136,"date":"2023-05-21T09:23:15","date_gmt":"2023-05-21T16:23:15","guid":{"rendered":"https:\/\/coinnetworknews.com\/bitcoin-ethereum-bears-are-back-in-control-two-derivative-metrics-suggest\/"},"modified":"2023-05-21T09:23:15","modified_gmt":"2023-05-21T16:23:15","slug":"bitcoin-ethereum-bears-are-back-in-control-two-derivative-metrics-suggest","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/bitcoin-ethereum-bears-are-back-in-control-two-derivative-metrics-suggest\/","title":{"rendered":"Bitcoin, Ethereum bears are back in control \u2014 Two derivative metrics suggest"},"content":{"rendered":"
A bearish market structure has been pressuring cryptocurrencies\u2019 prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter timeframe provides a neutral view with Bitcoin (BTC<\/a>), Ether (ETH<\/a>) and BNB<\/a>, on average, gaining 0.3% between May 12 and May 19.<\/p>\n