According to Foresight News, Matrixport's daily chart reveals that last week, BlackRock launched Bitcoin ETF (IBIT) options, which received a strong market response. The trading volume was active, and open interest steadily increased, indicating growing investor expectations for Bitcoin's future rise. The report focuses on options data expiring in December, highlighting a continuous decline in implied volatility, which is currently nearing 65%.
Previously, Bitcoin experienced a rapid increase from $70,000 to $98,000 following market sentiment after Trump's election. However, the recent upward trend has slowed. Looking ahead, Bitcoin's price may enter a more stable upward phase, potentially further reducing implied volatility. Additionally, the rising demand for options trading and the increase in large transactions could further drive Bitcoin's price upward.
