2023-6-15 16:24 |
Quick Take The incessant influx of disheartening news into the Bitcoin ecosystem continues to cast a shadow over the Bitcoin market, pushing its price further into the red. This downward trajectory is underscored by the options 25 delta skew (1-week), indicating that put options are not only trading at a premium but are also on course to reach their second-highest level this year, thereby reinforcing our bearish outlook Meanwhile, Bitcoin’s open interest is on an upward climb, with a significant injection of roughly $450 million, primarily sourced from exchanges such as Binance and Bybit. The introduction of new liquidity to the market will likely stoke further volatility. Options 25 DS: (Source: Glassnode) BTC Price: (Source: TV)
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