PANews reported on April 30 that according to The Block, the volatility of Bitcoin and Ethereum fell to a 7-day low this week, and the open interest (OI) of BTC and ETH options increased by about US$1 billion and US$150 million respectively. Data from the Derive platform showed that 73% of the premium in BTC options was used to buy call options, and the proportion of ETH was as high as 81.8%. The number of call options was 3 times and 4 times that of put options, respectively, indicating a strong bullish sentiment. However, data from mainstream platforms such as Deribit showed that the market as a whole was still relatively cautious. Analysts said that even in the worst case scenario, BTC and ETH are expected to maintain the current range in May.
BTC and ETH implied volatility declines as traders flock to options market seeking leverage
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Author: PA一线
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