#Bitcoin âïž (Bitcoin's sluggish half-decline continues) So far things are going a little too according to plan, which makes me very confused. Today I wrote that there will be no big moves and since then the price has been frozen in place. I opened the previous chart from my post on May 4 and the price is right between the lines I drew. I'm not happy when I'm right, I'm happy when I'm wrong... so I'm rarely happy. So once again I am not happy that I am right and price is moving exactly as I thought it would... it's getting boring... Encourage me with your cocky đ comments please while weâre waiting for a drop to 53kđ
What's Happening in the Market? At the end of the working week BTC fell below $65 thousand and now heâs trying to hold on $63 thousand. This movement of BTC is associated with the outflow of capital from ETF, which yesterday amounted to $83.6 million đ Meanwhile, a new banking crisis began in the United States, as Republic First Bank, with $6 billion in assets, officially went bankrupt, marking the first failure of 2024. đŻđ” Amid the market decline, the Japanese public company Metaplanet bought Bitcoin at the amount of $6.25 million. đ April is coming to an end and according to current data, BTC has fallen by 11.6%, ending the streak of 7 positive months in a row. $BTC $ETH #BTC #ETH
Bitcoin Volatility Index Hits Two-Month Low According to BlockBeats, the BitVol index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, dropped to 58.17 on April 27, marking a daily decline of 3.9% and a two-month low. The BitVol index measures the expected implied volatility derived from the tradable Bitcoin option prices. Implied volatility refers to the volatility implied by the actual option price. It is the volatility inferred by substituting the actual option price and other parameters except volatility Ï into the B-S option pricing formula. The actual price of the option is formed by the competition of many option traders. Therefore, implied volatility represents the market participants' views and expectations for the future market, and is considered to be the closest to the real volatility at that time.
Welcome back, today we will talk about the market. Today we will talk about Bitcoin and Meam Token because if seen, earlier when Bitcoin used to fall by 1% or 2%, Meam Token used to fall by approximately 40%, 20% and 10%. One thing seems to be that if it goes up with Bitcoin then it will have to go up and if Bitcoin goes down then it will have to come down. Almost all meem tokens have been linked to Bitcoin simultaneously It is known that if Bitcoin increases by four percent or five percent, then the meem token will increase by approximately 15%-20%. If $BTC Bitcoin increases by 100%, then the meem token will increase by a thousand percent. There is no conspiracy in this post to trap any cryptocurrency, this post is made from my thoughts and my experience, if you feel bad then it is true. Wajid says that mem token means $SHIB $PEPE #bonk and #FLOKIâ #Megadrop #BinanceLaunchpool