Data: Bitcoin options data shows market sentiment is stabilizing
ChainCatcher news, Glassnode stated that after bitcoin briefly touched $74,000 and then pulled back, options data is releasing positive signals: implied volatility has dropped significantly from the early February highs, and the market's pricing of tail risk has clearly cooled; option skew has narrowed from 20% to about 10%, and the demand for panic hedging continues to subside; trading flows are becoming more balanced, with 54.4% of options trades expressing a bullish stance, while only 21.3% are betting against the rise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve officials: Not enough progress seen in reducing inflation
Data: ETH Falls Below $2550
Moody’s gives Sky Protocol B3 rating as institutional interest in USDS grows
Brent crude oil falls to $104 per barrel, down 0.2% in 24 hours.
Crypto prices
More
