Some market thoughts and observations about what is going on:

We saw a significant downturn with $BTC falling below $66,000 and Ethereum dropping to $3,320 lows.

• Early signals from the options market, particularly the downside skew in risk reversals, indicated potential volatility.

• Massive liquidations on exchanges like Binance, where perpetual funding rates dropped sharply, contributed to the speed of the price movements.

• Prices have settled into a $60,000 to $72,000 range for Bitcoin, hinting at a potential stabilization.

• Despite the recent adjustments, the forward curve remains elevated, suggesting ongoing market speculation and uncertainty about future volatility.

What do you think is next?

#BTC #ETH #ENA #HotTrends