Greeks.live: Bitcoin bulls still have power, and this month’s bull market still needs Bitcoin to lead
According to ChainCatcher news, Greeks.live researcher Adam posted on the social platform that although Bitcoin fell below the $60,000 mark yesterday, Ethereum fell below the $3,000 mark, and market panic spread extremely, the main term option IV is declining significantly.
It is reported that this is mainly due to the sharp drop in call option prices. The current monthly skew has hit a new low since the current bull market. That is, the price of put options is much higher than that of call options, while medium and long-term options have fallen close to the zero axis. Judging from options indicators, Ethereum’s bulls are relatively fragile and have limited ability to lead the market. The bullish power of Bitcoin still exists, and the halving will be this Saturday. This month’s bull market still needs Bitcoin to lead.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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