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Gate Research Institute: BTC Volatility High, Risk Demand Differentiated
Summary: According to market sources, the cryptocurrency market maintained a volatile trend this week under the dual disturbance of macro and emotional factors, with expectations of a rate hike by the Bank of Japan and continued uncertainty in Fed policy. The probability of a rate cut in December is currently 89.2%. BTC rebounded to near $93,000 ...
According to market sources, the cryptocurrency market maintained a volatile trend this week under the dual disturbance of macro and emotional factors, with expectations of a rate hike by the Bank of Japan and continued uncertainty in Fed policy. The probability of a rate cut in December is currently 89.2%. BTC rebounded to near $93,000 on Wednesday, with short-term repairs evident.
Technically, the lower support remains resilient, and the market as a whole is in a range-bound phase driven by news. The implied volatility of the options market this period has fallen compared to last week, with BTC and ETH IV at 48.6% and 70% respectively. The 25-Delta Skew of BTC and ETH both steepened over the weekend, indicating market panic and defensive sentiment spreading. BTC's volatility risk premium has turned positive and hovers near the zero axis.
The largest cumulative block trades were buying BTC-51225-75000-P, with approximately 1,200 BTC traded and a premium expenditure of about $270,000; and buying ETH-51225-3100-C, with approximately 25,000 ETH traded and a premium expenditure of about $340,000.
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Link: Gate Research Institute: BTC Volatility High, Risk Demand Differentiated [Copy]
