First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again? – CoinDesk

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Notably, the six-month skew has increased from -1% to 5% in one week.

“In the current market, the most practical way to hedge with puts is still primarily done in BTC and ETH compared to any other altcoins,” CJ Fong, head of Asia sales at crypto liquidity provider GSR, said.

The one-week implied volatility, which gauges expected price turbulence over the next seven days, fell under 50% annualized over the weekend, which was its lowest level since November 2020.

In other words, volatility expectations are underpriced, which, according to options theory, is the best time to take long straddles/strangles, which involve buying both call and put options.

Implied volatility remains near all-time lows and hasn’t seen a significant uptick in response to recent price declines,” Griffin Ardern, volatility trader at crypto asset management firm Blofin, said.

Bitcoin dipped to $41,000 soon before press time, having invalidated the bullish trendline from February lows over the weekend.

The immediate support is about $40,000.

Absent this support, the corporate borrowing markets would have a supporting role in the film ‘Frozen,’ ” Hayes said.

corporate 10-year and two-year bond yields has narrowed, it is still at least 100 basis points short of inversion, a sign of stress.

“As this chart clearly shows, at +1%, the spread has a bit farther to fall before it is inverted.

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