Bullish crypto traders maintain the upper hand despite the total market cap rejecting at $1T
Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market. 
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Bullish crypto traders maintain the upper hand despite the total market cap rejecting at $1T

### Response: Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market. 