Bitcoin: Traders bet on sideways momentum for BTC as...
Bitcoin’s Implied Volatility begins to decline. Options market expects sideways momentum for BTC in the future.’s price has seen some harsh volatility over the last few months, however over the last few days it has appeared that BTC is expected to move sideways in the near future.Some stability for BTC in the future?
This was indicated by the declining Implied Volatility for Bitcoin. According to glassnode’s data, it has started to reach new lows. This showcases the options markets expectation of Bitcoin to maintain stability in terms of price.Bitcoin options were nearing their expiration date, possessing a Put to Call Ratio of 0.64. A Put to Call Ratio of 0.64 indicates a higher proportion of open call options, which suggests that market sentiment leans towards price increase expectations.
Additionally, these options carry a maximum pain point value of $26,500. The maximum pain point at $26,500 signifies the price level at which option holders may experience the most significant financial losses. The expiring options collectively possess a notional value of $720 million, signifying a substantial stake in the market.However, the spreads on Binance, which are currently about 20 times wider than those on Coinbase and Kraken could impact BTC in the long run.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
![Breaking: Hackers of the once biggest Bitcoin [BTC] exchange arrested by US DoJ](https://i.headtopics.com/images/2023/6/9/cryptoamb/breaking-hackers-of-the-once-biggest-bitcoin-btc-e-breaking-hackers-of-the-once-biggest-bitcoin-btc-e-1667198619986939904.webp?w=640)
Breaking: Hackers of the once biggest Bitcoin [BTC] exchange arrested by US DoJThe United States Department of Justice [DoJ] announced the arrest of two Russians for hacking […]
Lire la suite »
Will BTC bleed as its supply in the U.S. declinesAs the U.S. Bitcoin supply dwindles and Binance US faces regulatory pressures, concerns arise over the market impact and BTC holders' reactions.
Lire la suite »
What’s next as Shiba Inu reverses 2023’s gainsDespite December lows being a potential inflection point for SHIB, a weak BTC can ruin it.
Lire la suite »
Gold Market Analysis for June 9 - Key Intra-day Price Entry Levels for Active Traders
Lire la suite »
Selloffs plague NFT markets: Are traders losing interest?Recent data suggests a potential downturn in the NFT market, with sellers dominating trading and declining volumes across exchanges, raising concerns about waning interest and activity.
Lire la suite »
Bitcoin June 9 daily chart alert - Bigger price move coming
Lire la suite »