According to Bitfinex, one of the largest cryptocurrency exchanges, an unprecedented movement is expected in Bitcoin.
Speaking to The Block To Bitfinex analysts According to options market data on Bitcoin unprecedented It indicates a movement.
Analysts also note that derivative investors’ volatility expectations are currently 2023 He stated that it was more than the entire year. This expectation comes from record options trading volumes in December and US Securities and Exchange Commission (SEC) possible spot Bitcoin ETF approval due to possibility.
According to the data, the current volatility in Bitcoin is at its highest level in the last few months. Analysts say investors SEC’s Bitcoin ETFs that they were preparing to take a decision on the average of 41% Therefore, he stated that it reached high levels.
According to CoinGecko data, Bitcoin, at the time of writing from $43,976 is being traded.