According to Mars Finance, with the decline of the US dollar index and the rise of tech stocks, the price of Bitcoin has been boosted. Currently, the 30-day implied volatility of Bitcoin remains stable at around 45%, seemingly indicating that trading will become subdued as the end of the year approaches, while the 30-day implied volatility of Ether has dropped to 70%, marking the lowest level since October 9. The open interest of Bitcoin futures on the Chicago Mercantile Exchange has fallen below 120,000 for the first time since the beginning of 2024, indicating a decrease in institutional participation.
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Data: Bitcoin 30-day implied volatility remains stable in the 45% range, while Ethereum 30-day implied volatility has decreased to 70%.
According to Mars Finance, with the decline of the US dollar index and the rise of tech stocks, the price of Bitcoin has been boosted. Currently, the 30-day implied volatility of Bitcoin remains stable at around 45%, seemingly indicating that trading will become subdued as the end of the year approaches, while the 30-day implied volatility of Ether has dropped to 70%, marking the lowest level since October 9. The open interest of Bitcoin futures on the Chicago Mercantile Exchange has fallen below 120,000 for the first time since the beginning of 2024, indicating a decrease in institutional participation.