Express
Arcane Research: Bitcoin Options Traders Turn Bearish
Summary: Arcane Research, a cryptocurrency market analysis firm, notes that Bitcoin options traders are “bearish, but hesitant” in a newly released report. Following Bitcoin’s slump through December and January, it claims that investors haven’t been this long-term bearish since the crash of May 2021—when the price of BTC dropped to $30,000 from its then-record high of ...
Arcane Research, a cryptocurrency market analysis firm, notes that Bitcoin options traders are “bearish, but hesitant” in a newly released report. Following Bitcoin’s slump through December and January, it claims that investors haven’t been this long-term bearish since the crash of May 2021—when the price of BTC dropped to $30,000 from its then-record high of $64,000 a month prior.
The report relies on implied volatility, which forecasts the range in which traders believe a security or cryptocurrency’s price is likely to move, to come to this conclusion. Implied volatility for Bitcoin is currently sitting at its lowest level since May 2021, at about 70%.
By Amy Liu
Tags: Arcane Research,Bitcoin,Options
Link: Arcane Research: Bitcoin Options Traders Turn Bearish [Copy]
