Bitcoin's Upside May Be Capped
Some analysts believe that Bitcoin's upside is capped due to options data and market maker activity suppressing rallies, despite a long-term bullish outlook.
Following last week's tumultuous event, which triggered the worst cascading liquidations in crypto's 16-year history, Bitcoin has slowed its momentum, trading at around $113,500, down 1.5% over the past 24 hours, according to CoinGecko data.
Heightened bearish activity has led to an increase in put options expiring on October 31, as noted by Hendrik Ghys, founder of Thalex Global, in a tweet:
implied volatility has repriced downward to the low 40s in the short term and around 45% for longer horizons.
This suggests that market expectations of future price swings have decreased.
Author's summary: Bitcoin's growth may be limited.
More News
- The backbone and the Achilles’ heel: rethinking masculinity in policing
- Sault's new website is missing parts
- Watch: Zohran Mamdani’s ‘Dream’ resonates with Indian Muslims
- AIA Condemns Demolition of the White House East Wing and Calls for Transparency in Public Architecture
- Alberta throne speech sets out economic vision fit for the past, not the future | Pembina Institute
- Harness racing’s reality check: Defending Jeff Gural’s stewardship at The Meadowlands
- “We turn microns into milliseconds” - How Hexagon hopes to be Oracle Red Bull Racing's extra boost in winning Formula 1 success
- Nepal face 263-run chase in League 2 opener
- Trump unveils Southeast Asian trade pacts at summit