BlockBeats news, on November 25, Matrixport released a chart revealing that last week, BlackRock launched Bitcoin ETF (IBIT) options, and the market responded positively with high trading volumes and a steady increase in open interest. This indicates growing investor expectations for Bitcoin’s future growth.
The report focuses on data related to December expiring options, with implied volatility currently at 65%, down from Bitcoin’s rapid rise from US$70,000 to US$98,000 after Trump’s election. Future Bitcoin prices may experience a smoother upward trend, further reducing implied volatility. Lower implied volatility is beneficial for traders as it makes Bitcoin call options less expensive, allowing investors to open positions at lower prices and expand their positions.
Additionally, increased demand for options trading and large-value transactions could further drive Bitcoin’s price rise.
Source
<p>The post BlackRock Launches Bitcoin ETF Options, Market Responds Enthusiastically, and Traders Remain Optimistic first appeared on CoinBuzzFeed.</p>
