Implied vols, which are calculated off options premiums and gauge the market’s view of future risk, are down to levels not seen since October 2020. To be sure, regular levels in crypto implied volatilities would signal alarm and panic in the equity market, but since the second week of December, crypto’s implied vols have drifted down. In the past couple of days, that drop has … [Read more...] about Derivatives Data Shows Softening Crypto Enthusiasm
Enthusiasm
Bitcoin Dips Below $60K as ETF Enthusiasm Fades
From Oct. 19, when the ProShares ETF started trading, through Tuesday, BITO shares were down by 2.45%, based on a chart shared by Grayscale, the company that sponsors GBTC. Bitcoin was down 1% over the same period and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group, which also owns CoinDesk.) Source link … [Read more...] about Bitcoin Dips Below $60K as ETF Enthusiasm Fades