SignalPlus Volatility Column (20240822): BTC falls below $60,000

In the past day, the prEs of Bitcoin has fallen rapidly, falling below $59,000 at one point, causing more than $100 million in long liquidations. The realized volatility of 70%+ during the day and the price run destroyed liquidity, significantly pushing up the pricing of short-term options, but the back-end implied volatility remained relatively stable, causing the overall term structure to flatten significantly. Analysis pointed out that possible reasons for this phenomenon include the upcoming payment of $1 billion to Mt.Gox creditors and Celsius recent repayment of $2.53 billion in debt to users.

Source: Deribit (as of 28 AUG 16: 00 UTC+ 8)

Source: SignalPlus, ATM Vol.

From another perspective, the violent price fluctuations have caused the Vol Premium at the tail to rise again, and the Fly indicators of BTC and ETH have rebounded significantly. However, their performances are not consistent in terms of Vol Skew. The most prominent one is the sharp drop in the RR of the ETH front end. From the perspective of Flow, this is mainly driven by the demand for put options. Perhaps some recent transfer operations of the Ethereum Foundation are still affecting the markets risk aversion sentiment; the RR of the far end of BTC has risen slightly in this wave of decline, and some topside bullish strategy transactions can also be observed on Flow.

Source: SignalPlus, Fly

Source: SignalPlus, RR

Data Source: SignalPlus, Deribit BTC ETH transaction distribution

You can use the SignalPlus trading vane function at t.signalplus.com to get more real-time crypto information. If you want to receive our updates immediately, please follow our Twitter account @SignalPlusCN, or join our WeChat group (add assistant WeChat: SignalPlus 123), Telegram group and Discord community to communicate and interact with more friends.

SignalPlus Official Website: https://www.signalplus.com

This article is sourced from the internet: SignalPlus Volatility Column (20240822): BTC falls below $60,000

Related: SOL Blink Decrypted: Technical Secrets Even Newbies Can Understand

Preface: The crypto market has been sluggish in the past few months, and the Solana ecosystem has also been affected by the overall market sentiment and has not performed well. However, with the launch of Solana Blink, the crypto market has been given a shot in the arm. As a breakthrough technology, Solana Blink can seamlessly embed on-chain activities into the social media platform X through a simple link, achieving an instant response user experience. This innovation not only brings new vitality to the Solana ecosystem, but also provides a new direction for the entire cryptocurrency market. 1. Background of the rise of SOL Blink A new focus on the crypto market In the crypto market, innovative technologies often become the focus of investors. Solana has performed well in this…