Crypto Market Stalls Amidst Low Volatility and Material Shortage

IconCryptoNewsTerminal Staff01 Aug, 2024

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Crypto Market Stalls Amidst Low Volatility and Material Shortage

Adam, a macro researcher at crypto options analytics firm Greeks.live, has observed a significant drop in volatility in the crypto market. Since the market's decline in early July, daily volatility has decreased from 62% to 48%, accompanied by a notable reduction in implied volatility. Despite major macro events like the Bitcoin 2024 Conference and Federal Open Market Committee meeting, the market has remained relatively stagnant. This lack of movement suggests a shortage of material to drive significant price fluctuations. Given the current market conditions, Adam recommends considering mid-to-long-term call options for those seeking to capitalize on potential future growth.

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