When the last quarter of 2023 was compared with the last quarter of 2020, it was noticed that both years experienced a great increase in value for Bitcoin. When looking at Bitcoin four-year option volatility, it was observed that 2023 remained weaker. According to experts, this means that the rally has not started yet, like Bitcoin's previous bull seasons. When Bitcoin experienced a big rise in the 4th quarter of 2020, option volatility also increased by 150%, but in the current situation it has only increased by 50%. Currently, January Option contracts that will be opened and closed in the month are thought to be very critical. It is estimated that this situation will be related to the approval or rejection of the Bitcoin spot ETF application by the US Securities and Exchange Commission (SEC).
According to CoinGecko data, Bitcoin is trading at $42,920 at the time of writing.$BTC #Kriptocutrader #BitcoinDunyamiz #FatihcoĆar #Ä°brahimCOĆAR #pyrpto
