Derivatives are often criticized for creating artifical demand and supply via leverage, injecting volatility into the market and are considered a proxy for speculative activity often observed at major market tops. As such, the decline in derivatives’ share of the total market activity might be a good news for crypto bulls anticipating a continued price rally.
Source: https://www.coindesk.com/markets/2024/04/05/crypto-derivatives-lost-overall-market-share-in-march-despite-hitting-record-high-trading-volume-of-618t/?utm_medium=referral&utm_source=rss&utm_campaign=headlines