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Analysis: Bearish Market Signals in Options Market as Inflation Concerns Intensify
Summary: According to CoinDesk, concerns about the economy, including rising inflation and disappointing job data, have led to a recent drop in the price of Bitcoin. At the same time, as options market indicators show a shift in market sentiment, the long-term bullish sentiment for Bitcoin has turned neutral. Griffin Ardern, Director of Options Trading and ...
According to CoinDesk, concerns about the economy, including rising inflation and disappointing job data, have led to a recent drop in the price of Bitcoin. At the same time, as options market indicators show a shift in market sentiment, the long-term bullish sentiment for Bitcoin has turned neutral. Griffin Ardern, Director of Options Trading and Research at the crypto financial platform BloFin, noted a concerning sign of the recent market pullback. The bullish sentiment for Bitcoin far-month options has disappeared, currently firmly holding a neutral position, indicating that the options market believes BTC is unlikely to form a long-term upward trend, with the possibility of reaching new highs in the coming months decreasing. A similar situation last occurred in January and February 2022.
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Link: Analysis: Bearish Market Signals in Options Market as Inflation Concerns Intensify [Copy]
