VanEck is bullish on Bitcoin, and there is a reverse bullish signal in the derivatives market

On April 4th, Matthew Sigel, head of digital asset research at VanEck, stated that the Bitcoin derivatives market has released clear signals of a reverse long position, and the company's overall stance has shifted towards optimism. He pointed out that the protective demand for put options has risen to the historical 99th percentile level, and the safe haven premium has significantly increased, usually indicating that the market is approaching a temporary bottom. VanEck's Nose Fund tends to allocate to Bitcoin mining and AI infrastructure assets, outperforming BTC with lower volatility while maintaining a low allocation to high leverage targets. Sigel warns that if US tech giants fail to deliver on their AI capital expenditure returns, it could put pressure on the cryptocurrency market.