Bitcoin options traders ‘bracing for uncertainty’ after implied volatility spike | Headlines | News | CoinMarketCap
01/10/2024 02:18
Bitcoin options traders are bracing for significant BTC price movements later this week after derivatives data showed "a clear increase in implied …
The Block15 minutes ago
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Published on January 09, 2024 19:03 GMT+00:00edited on January 09, 2024 19:04 GMT+00:00
Bitcoin options traders are bracing for significant BTC price movements later this week after derivatives data showed "a clear increase in implied volatility," an analyst told The Block.
"Bitcoin options traders are bracing for higher uncertainty ahead of possible ETF approvals after a clear increase in implied volatility," Head of Research at ETC Group André Dragosch said.
Dragosch pointed to data that showed a very steep premium for options expiring this Friday because of the uncertainty associated with the possibility of ETF approvals. "The steep premium also signals that options traders are bracing for higher uncertainty this week which also shows that most traders expect a definitive decision by the SEC by the end of this week, and not the week thereafter," he added.