Tighter price ranges result from markets running into competing influences. Eventually, some narratives take the back seat, paving the way for a volatility explosion.
Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves.
Bitcoin is in the spotlight as cracks emerge in the traditional banking system, one observer said, explaining the negative spread between ether and bitcoin implied volatility metrics.
The options market is still valuing options that settle in the underlying rather than in USDC at a relative premium because of concerns of another depeg, one observer said.
Some market observers say bitcoin’s recent price movements were largely driven by investors looking for alternative assets to park their funds amid a banking clampdown in the U.S.
Options Insights founder Imran Lakha joins "First Mover" to discuss bitcoin's pretty stagnant price action as the largest token by market capitalization trades flat around $23,500. Plus, a closer look at BTC's volatility.