सिग्नलप्लस अस्थिरता कॉलम (20240904): निरंतर गिरावट

With the recent depressed sentiment, Bitcoin has performed poorly since last nights US trading session, falling 2.5% around 10 oclock, and continued to fall in the Asian session. A run occurred at one point, causing the price to fall to $55,606, and then rebounded slightly to around 56,000. The implied volatility maintains a negative correlation with the price during the day. After the violent intraday fluctuations, the term structure of BTC and ETH is bull flattening, with ETHs far end rising more significantly, and the volatility level at the front end shows a clear inverted pattern with the support of up to 85% RV during the day.

स्रोत: सिग्नलप्लस

The IV change of ETH at the front end is not only higher than that of BTC. From a numerical point of view, the current IV of ETH is at a historical high (75 percentile and above), and the hedging cost implied by the volatility cone of RV also reflects the current rich VPR, which may attract bearish volatility strategies and weaken the upward shape of the term structure in the short term.

स्रोत: सिग्नलप्लस

Source: Deribit (As of 4 SEP 16: 00 UTC+ 8)

As the price fell further and broke the recent low, the front-end Skew gave up all the gains yesterday and returned to the low level. The Vol Premium at the end of each maturity was also set at a higher position, among which BTCs 8 Nov related to the US election rose the most significantly, and the two subsequent maturity dates rose together. ETHs convexity at the end of the year (27 DEC) still maintained a local high, rising to 3.53%.

Source: SignalPlus, Vol Skew

Source: SignalPlus, Fly

Judging from the transaction volume, the direction of BTC transactions is relatively balanced. The price drop reminds traders to set extreme scenario protection for their positions (such as 29 NOV-35000-P 500 BTC Long put). At the same time, it also provides those who insist on bullishness with a cheaper bullish strategy position building opportunity, such as 27 SEP 63000 vs 65000 Long Call Spread (200 BTC per leg).

Source: SignalPlus, Block Trade

आप t.signalplus.com पर सिग्नलप्लस ट्रेडिंग वेन फ़ंक्शन का उपयोग करके अधिक वास्तविक समय की क्रिप्टो जानकारी प्राप्त कर सकते हैं। यदि आप हमारे अपडेट तुरंत प्राप्त करना चाहते हैं, तो कृपया हमारे ट्विटर अकाउंट @SignalPlusCN को फ़ॉलो करें, या हमारे WeChat समूह (सहायक WeChat जोड़ें: SignalPlus 123), टेलीग्राम समूह और डिस्कॉर्ड समुदाय में शामिल हों ताकि अधिक मित्रों के साथ संवाद और बातचीत कर सकें।

सिग्नलप्लस आधिकारिक वेबसाइट: https://www.signalplus.com

This article is sourced from the internet: SignalPlus Volatility Column (20240904): Continuous decline

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