Skip to contentHome page Seeking Alpha - Power to InvestorsMar 20, 2026, 5:40 AM ETBitcoin USD (BTC-USD) CryptoGBTC, BTG-USD, BCH-USD, BCHG, OBTC, XBTC, BITO, BTGD, BITW, BTCVanEck5.24K FollowersCommentsThe 30-day average bitcoin price fell 19%, but spot prices stabilized as realized volatility dropped from 80 to 50 and futures funding rates declined from 4.1% to 2.7%.The put/call open interest ratio averaged 0.77, its highest since June 2021, while put premiums relative to spot volume hit an all-time high of 4 basis points.Transfer volume fell 31%, daily fees dropped 27%, and long-term holder distribution slowed, while miners sold roughly all newly issued BTC.BlackJack3D/iStock via Getty ImagesBitcoin (BTC-USD) stabilized after a 19% drawdown as futures leverage cooled, options demand for downside protection hit cycle highs, and miner selling stayed contained.Please note that VanEck has exposure to bitcoin.Bitcoin ChainCheck MonthlyThis article was written byVanEck5.24K FollowersVanEck is a global asset management firm offering ETFs, mutual funds, private funds, model portfolios, institutional strategies, separately managed accounts, as well as UCITS funds. Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission. VanEck has a long history of looking beyond financial markets to spot trends that create meaningful investment opportunities. We were one of the first U.S. asset managers to give investors access to international markets, which set the tone for identifying asset classes and themes such as gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 that later helped shape the investment industry. The firm oversees $161.7 billion in assets as of September 30, 2025. Disclosures: http://ow.ly/SZ9450N5qTJ.Comments