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Bitcoin Shows Signs of Waning Bullish Sentiments Ahead of $10B Options Expiry
Bitcoin exhibits signs of slipping bullish enthusiasm as investors' interest in upward movement diminishes. Following an all-time high over $110,000, the cryptocurrency has moved into a sideways trend. The one-year put-call skew approaching zero suggests a decline in bullish sentiments among options traders. They are preparing for possible downturns in light of an upcoming major $10 billion options expiration.
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AI Analysis
The recent trading behavior of Bitcoin, characterized by sideways movement after reaching record highs, highlights a shift in market dynamics. The near-zero one-year put-call skew implies that traders...
AI Recommendation
Investors should approach Bitcoin with caution, especially given the signs of waning bullish enthusiasm and the upcoming options expiry. It may be prudent to reduce leverage or take profits if current...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.