BTC Short-Term Downward Prospects ↓ Based on Options Data
CryptoNewsTerminal Staff08 Aug, 2024
BTC Short-Term Downward Prospects ↓ Based on Options Data
Crypto options analytics provider Greeks.live’s Macro Researcher Adam pointed out that “this year the 7-day realized volatility (RV) of major BTC options tenors is printing around 100%. This is substantially higher than the implied volatility (IV) of ~60%, suggesting that in the short term, BTC is less likely to see large down moves”. He also stated that “New jobless claims came in at their lowest level since early June today. US economic data continues to come in mixed this quarter, but still likely to cause some choppiness in risk assets. Bitcoin and Ethereum rallied more than 5% today following the news of the BOJ keeping rates steady, but the market sentiment is still shaky.
