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📈How are Bitcoin options traders positioning for the US banking crisis? The cryptocurrency market's total value has rem…
📈How are Bitcoin options traders positioning for the US banking crisis?
The cryptocurrency market's total value has remained stable, and Bitcoin derivatives markets suggest that professional traders do not anticipate significant price corrections.
📍Over the last two weeks, the cryptocurrency market has been trading within an unusually narrow 7.1% range. It's worth noting that the same range of $1.16 trillion to $1.22 trillion in total market capitalization held for 12 days between March 29 and April 10.
📍The market seems to lack risk appetite on both sides due to conflicting forces, including regulatory uncertainty that is dragging it down and the banking crisis that is pushing prices up.