Delphi Digital: Bitcoin May Expect Increased Volatility By September 24

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The largest trading activity in the quarterly bitcoin options expiring on September 24 is concentrated in the range from $ 46,000 to $ 54,000, the implied volatility curve suggests a transition to $ 48,000- $ 50,000, according to a report by Delphi Digital.

In the futures market, they use CME leveraged regulated funds have increased the volume of shorts.

According to analysts, this is a sign of these structures increasing the long on the spot exchanges and hedging the open position. They indicated that the net short was observed throughout the study period and began to decline since the beginning of the rally in December 2020. During this period, funds took profits and reduced hedging.

Recall that Glassnode analysts came to the conclusion that the sharp pullback in the price of bitcoin on May 7, caused by liquidations in the crypto derivatives market, did not shake the focus of long-term investors on retaining the purchased coins.

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