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Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market -Breaking

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The past week’s winners and losers clearly show that crypto traders were subject to severe heat. On Dec. 3, the market cap fell 12.7% to $41,000. The figure dropped from $2.37 trillion at Dec. 3, to $1.92 trillion December 3 (a total loss of $2 billion). Future contracts were cancelled.

The top winners and losers of the top 80 coins. Source: Nomics

BitcoinBTCThe price ( ) retraced 14.6% during the week. It is effectively below the altcoin markets. This unusual move can partly be explained by decentralized applications’ performance, which was better than the rest of the market. Data shows EtherETH) traded down 6.0%, (BNB) lost 7.3% and (SOLThe ) was reduced by 7.8%

OKEx USDT peer-to-peer premium vs. USD. Source: OKEx
BTC and ETH permanant futures rates of funding 8 hours Source: Coinglass.com