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Bitcoin Options Volatility Risk Today
Bitcoin prices continue to grind higher as we approach the weekend. Today, around $8 billion in BTC option expiries are due to roll off, creating plenty of volatility risk. The good news for bulls is that the put-call skew beyond today’s expiry, favours further upside in BTC, meaning that there should be a good amount of rollover today, keeping BTC on a positive trajectory. Seasonal trends in BTC point to October as typically being among the three bets months for the market, meaning that we could be seeing an early push higher here to set up a breakout move over October. The recent wave of stimulus announced in ... (full story)