Bitcoin Options Traders Expect Quiet—But On-Chain Data Suggests Chaos

The Bitcoin Options traders have been pricing in low implied volatility, but on-chain data shows a setup ripe for amplified price swings. Bitcoin Options ATM IV Has Been Trending Lower In its latest weekly report, the analytics firm Glassnode has talked about how the volatility risk associated with Bitcoin looks from the perspective of on-chain analysis. Related Reading: Ethereum To $3,400? On-Chain Shows No Big Hurdles Ahead The indicator shared by Glassnode is the Realized Supply Density, which tells us about how concentrated the cryptocurrency’s supply is around the current spot price. When the value of this metric is high, it means the investors have participated in a large amount of buying at or near the asset’s latest price source: https://www.newsbtc.com/bitcoin-news/bitcoin-options-traders-expect-on-chain-chaos/