Bitcoin derivatives traders are bracing for increased market volatility, according to Bitfinex | Headlines | News | CoinMarketCap
01/05/2024 02:42
Derivatives traders are expecting "unprecedented" volatility in the bitcoin market, according to Bitfinex analysts. As the industry anxiously awaits …
Derivatives traders are expecting "unprecedented" volatility in the bitcoin market, according to Bitfinex analysts.
As the industry anxiously awaits news from the Securities and Exchange Commission about applications for more than a dozen proposed spot bitcoin ETFs, the analysts told The Block that signals from the options market suggest volatility expectations among derivatives traders are currently higher than those observed throughout all of 2023.
"Traders are bracing for the possibility of unprecedented price moves in bitcoin, according to signals from options markets," the Bitfinex analysts said.
The anticipation comes amid record options trading volumes in December and ahead of possible approval of the spot bitcoin ETFs from U.S. financial regulators.