After the return of the bullish feelings through the scene of the cryptocurrency, Bitcoin It has undergone a sharp gathering and has since maintained this wonderful bullish momentum, with a high price of 108,000 dollars. Amid the renewed assembly in BTC is a slowdown in the options market, which currently reflects the previous negative trends.
Summer slowdown hit bitcoin options
Since the recovery of its retreat, Bitcoin has been in an ascending path and it appears that it has found stability above the level of $ 108,000. Despite this remarkable ups of the leading ups BTC dynamics in the series and the market.
Common data on the series and financial platform, Glassnode, it has I mentioned A negative development in the bitcoin options market. Currently, the BTC Options market has begun to show clear signs of slowdown despite the last raising basic procedure.
While the market cools, the development repeats the familiar trends that were observed during the previous periods of the lower desire to speculate. Modern data on the series shows that both are implicit Volatility Trading volumes have decreased significantly, which may indicate that merchants reduce their exposure because feelings impeded them with seasonal or unclear reasons.
Glassnode, after an implicitly volatile Bitcoin ATM options, detect that the options market repeat summer slowdown. According to the platform on the chain, the implicit fluctuations are across all designed, especially one -week and 1 month holders, approaching its lowest levels ever.
Such development indicates a temporary cessation cautious from BTC investors, indicating that the market may build momentum or just take a collective break before making its next big step. The platform also highlighted the series that Options Market It currently respects some of the lowest levels of fluctuations since mid -2023. This trend has continued although the BTC price is coming near its highest levels ever.
Glassnode also drew attention to the trading volume, which seems to have decreased sharply. According to The price sign is $ 110,000.
The data indicates that the size of the space has decreased to 5.01 billion dollars, while the volume of futures decreased to about 31.2 billion dollars. The platform noted that the sizes of these two regions are currently at their lowest levels in more than a year and are still going down.
BTC makes keys
Despite the calm summer, the Bitcoin price continues to offer strength. Meligen Trader, Crypting Analyst, has Propagate A large gathering where the original explodes from both the falling shed pattern and the bull science style.
According to the analyst, this structure reflects batch No noise, and the classification of development as the stage of collapse. Looking at hacking, Melijn is sure of that BTC It can rise to the highest new level ever at $ 140,000.
At the time of writing this report, the BTC price was $ 108,271, indicating a decrease of about 1 % in the past 24 hours. While prices may decrease, the trading volume is gradually increasing, as shown by an increase of more than 15 % last day.
Distinctive photo of Pixabay, Chart from TradingView.com
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The post Bitcoin Options Market Cools Off, Echoing Familiar Summer Slowdowns – What This Means first appeared on Investorempires.com.
