CoinDesk·5 min read·hard
Bitcoin’s volatility has nearly disappeared. The risk hasn’t.
F
Francisco Rodrigues
✦AI Summary
Bitcoin is experiencing a period of low volatility, yet market participants are hedging against potential downside risks ahead of U.S. economic data releases. While spot ETF demand remains steady, derivatives traders are heavily utilizing put options, signaling underlying market caution.
Spot bitcoin ETFs are yet to see outflows this month, bringing in $754 million in the first week of August. Yet, bitcoin remains steady at $64,700, while options flow favors protection at $62,000 and $63,000.
economycryptobusiness
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