Editor's PiCK
"Bitcoin (BTC) Gives Up $80,000... Market Fear Spreads, Volatility Surges"
Summary
- Reported that as Bitcoin prices plummeted to $80,000, market fear has spread.
- "Stated that short-term volatility for Bitcoin and Ethereum exceeded 90% and 100% respectively, making investments unstable."
- "Reported that institutional investors continued their calculated investments through selling call options, allowing smart money to profit."
Analysis suggests that fear is spreading throughout the cryptocurrency market as Bitcoin (BTC) extends its decline to $80,000.
On the 28th, Adam, a researcher at Greeks.live, a cryptocurrency options analysis firm, stated via X (formerly Twitter), "The cryptocurrency market crashed this week amid the US stock market decline and a major hacking incident," adding, "Fear is spreading throughout the market. Bitcoin's short-term volatility temporarily exceeded 90%, while Ethereum's short-term volatility surpassed 100%."
He added, "At the beginning of this month, institutional investors predicted that this month would be a period without clear direction, and indeed, current trading volume and capital inflow are insufficient," further noting, "Institutional-grade options investors have been continuously selling medium and short-term call options for a month, and as a result, it appears that 'smart money' has won once again."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
