Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Greeks.live: Bitcoin bulls still have power, and this month’s bull market still needs Bitcoin to lead

Greeks.live: Bitcoin bulls still have power, and this month’s bull market still needs Bitcoin to lead

Greeks.live2024/04/18 15:17
By:Greeks.live

According to ChainCatcher news, Greeks.live researcher Adam posted on the social platform that although Bitcoin fell below the $60,000 mark yesterday, Ethereum fell below the $3,000 mark, and market panic spread extremely, the main term option IV is declining significantly.

It is reported that this is mainly due to the sharp drop in call option prices. The current monthly skew has hit a new low since the current bull market. That is, the price of put options is much higher than that of call options, while medium and long-term options have fallen close to the zero axis. Judging from options indicators, Ethereum’s bulls are relatively fragile and have limited ability to lead the market. The bullish power of Bitcoin still exists, and the halving will be this Saturday. This month’s bull market still needs Bitcoin to lead.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ethereum Boosts Altcoin Surge with Significant Rally

In Brief Ethereum surged nearly 20%, fueling a broader altcoin rally. Technical indicators show strength, yet new altcoin season debate persists. Growth in ETH and altcoins challenges Bitcoin's dominance amid market shifts.

Cointurk2025/05/09 22:22
Ethereum Boosts Altcoin Surge with Significant Rally

Ethereum Outshines Bitcoin with Impressive Surge

In Brief Ethereum's price surged past $1,900, outpacing Bitcoin significantly. Institutional investments drove Ethereum's substantial upswing post-Pectra update. Potential record surge may push Ethereum above $6,000, exciting cryptocurrency enthusiasts.

Cointurk2025/05/09 22:22
Ethereum Outshines Bitcoin with Impressive Surge

Crypto Boom: Bitcoin Surges Amid Dramatic Market Shifts

In Brief Bitcoin has surged past $103,000, with altcoins seeing noteworthy gains. Strategists recommend seizing buying opportunities during altcoin corrections. Anticipated events could bring further volatility to crypto markets.

Cointurk2025/05/09 22:22
Crypto Boom: Bitcoin Surges Amid Dramatic Market Shifts