Sharp Bitcoin price move brewing as BTC volatility falls to a 16-month low
Bitcoin volatility has fallen to a 16-month low, signalling that a sharp move in BTC looms. Bitcoin (BTC) options aggregate open interest has increased to $2 billion, which is 13% below the all-time high. Although the open interest is still heavily concentrated on Deribit exchange, the Chicago Mercantile Exchange (CME) has also reached $300 million.In simple terms, options derivatives contracts allow investors to buy protection, either from the upside (call options) or downside (put options). Even though there are some more complex strategies, the mere existence of liquid options markets....
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Bitcoin strategists are waiting for a bias-defining price move as the cryptocurrency’s historical volatility falls to its lowest in three months. Jan Uytenhout, the co-founder of Capriole Investments in Denmark, iterated the outlook in a tweet issued earlier this Wednesday. The fund manager cited old references to show a correlation between the Bitcoin price and […]
Bitcoin price has been range-bound for 126 days, but analysts say an explosive move is imminent. Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this thesis on? Let’s take a look at three data points that predict a spike in Bitcoin volatility. Muted volatility and seller exhaustionAccording to Glassnode research, the “Bitcoin....
The cryptocurrency and DeFi industries are known for their ongoing volatility. Sharp price drops and increases create opportunities to make money. Qilin goes one step further by providing active exposure to the price swings of any asset. Enhancing Volatility as A Tool The vast majority of cryptocurrencies are only known for their volatility. Although that […]
A look at the bitcoin price overnight on Tuesday shows a sharp decline in the session, and sets us up for some further volatility today. As we've mentioned a few times last set of bitcoin price watch pieces, action has been relatively muted during the European session for sometime. However, when we get a sharp move like that which we saw last night, the likelihood is that the volatility will continue through to at least the early parts of the day, meaning that could be some opportunity for a profit from the market if we line up against any action with the correct levels today. So, with....
The price of bitcoin fell below $200 today for the first time since 18th January. The plunge saw an average low of $198.23, according to the CoinDesk Bitcoin Price Index (BPI), with the largest decline taking place on BTC-e, which saw a low of $192. The price has since recovered from those lows to roughly $203 at press time, though prices in some markets, including BTC-e, remain below $200. According to data from the CoinDesk BPI, the $198 figure is the lowest average price low in the last six months, excluding instances of single-day volatility on individual bitcoin exchanges. The move....