CoinVoice has recently learned that, according to CoinDesk, the 30-day implied volatility of Bitcoin remains low, indicating that the market remains relatively calm ahead of Thursday's U.S. inflation data and Friday's Bank of Japan interest rate decision.
However, the derivatives position shows that the long positions for BTC/USD on Bitfinex have reached the highest level since February. Additionally, the trading of Bitcoin put options with a strike price of $85,000 and call options with strike prices of $95,000 and $100,000 on Deribit indicates that Bitcoin may experience significant volatility in the near future.
Analysis suggests that for Bitcoin to break the bearish trend, it needs to return above $95,000, ideally above $98,000. [Original link]
