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Glass half full: Bitcoin options traders neutral after 28% BTC price dip

Published 04/26/2021, 04:30 PM
Updated 04/27/2021, 06:20 PM
Glass half full: Bitcoin options traders neutral after 28% BTC price dip

Bitcoin (BTC) might have recovered from the $47,000 low seen on April 25, but the subsequent 15% bounce was not enough to bring optimism to the BTC options markets. Even at the present $54,000 level, the price remains 17% below the $64,900 all-time high reached on April 14.

The popular Crypto Fear & Greed Index reached its lowest level in 12 months, signaling thatinvestors are closer to "extreme fear," which is a complete reversal from the "extreme greed" level seen on April 18. This indicator gathers data from price volatility, volume change, social media activity, Bitcoin dominance and recent search trends.

Deribit BTC open interest by expiry. Source: Laevitas
Deribit BTC open interest on April 30. Source: Laevitas
Deribit 90-day BTC options 25% delta skew. Source: Laevitas

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