The first to react to the macroeconomic turmoil that rocked global markets over the weekend crypto para market. One analyst predicts more volatility on the horizon.
“I expect implied volatility in crypto markets to remain elevated until the macro side calms down,” said Bohan Jiang, Abra’s Head of OTC Options Trading.
Jiang noted that most options market participants were caught off guard by the recent macroeconomic downturn:
“There has been no demand for downside protection in the options market in recent weeks, with traders focusing mostly on bullish catalysts. The market is on the brink of a rally ahead of Trump’s Bitcoin Nashville speech Bitcoin “With implied volatility rising into the high 60s and ETH implied volatility rising into the low 70s ahead of the launch of spot Ethereum ETFs, the bullish sentiment is priced in and positioned to buy on the upside.”
Jiang described a derivatives market that was caught off guard by the recent macroeconomic downturn, which sent the Chicago Board Options Exchange’s CBOE Volatility Index (VIX) soaring. In the past 24 hours, the VIX has climbed above 65 points, the highest level since the market panic at the start of the COVID-19 pandemic.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/taninmis-analist-bitcoin-ve-kripto-para-piyasasinda-bundan-sonra-beklediklerini-paylasti-volatilite-artabilir/
