Golden Finance reports that as the US dollar index falls and tech stocks rise, the price of Bitcoin was boosted this Monday. Currently, the 30-day implied volatility of Bitcoin remains stable at around 45%, which seems to indicate that trading will become subdued as the end of the year approaches, while the 30-day implied volatility of Ethereum has dropped to 70%, marking the lowest level since October 9. The open interest in Bitcoin futures at the Chicago Mercantile Exchange has fallen below 120,000 contracts for the first time since the beginning of 2024, indicating a decrease in institutional participation.
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Bitcoin's 30-day implied volatility remains stable in the 45% range, while Ethereum's 30-day implied volatility has dropped to 70%.
Golden Finance reports that as the US dollar index falls and tech stocks rise, the price of Bitcoin was boosted this Monday. Currently, the 30-day implied volatility of Bitcoin remains stable at around 45%, which seems to indicate that trading will become subdued as the end of the year approaches, while the 30-day implied volatility of Ethereum has dropped to 70%, marking the lowest level since October 9. The open interest in Bitcoin futures at the Chicago Mercantile Exchange has fallen below 120,000 contracts for the first time since the beginning of 2024, indicating a decrease in institutional participation.