what is the reason of Increased implied volatility of BTC
As December 30 approaches, the most important deadline in 2022 due to the volume of open options trading contracts, which is equal to 2.3 billion dollars for these two cryptocurrencies,
We will see a large amount of transactions expire, which will provide the possibility of price volatility for Bitcoin.
🔸 Taking a deeper look at the volume of Bitcoin Call and Put contracts, we see the closing of a high amount of Call contracts at the price of $17,000, which indicates the negative sentiment of traders. Also, with the start of the price drop and the increase in implied volatility, this issue becomes more visible.
The most important support for this date is initially $16,000 and then $15,000. Also, the most important resistance is $19,000 and $25,000.
We will see a large amount of transactions expire, which will provide the possibility of price volatility for Bitcoin.
🔸 Taking a deeper look at the volume of Bitcoin Call and Put contracts, we see the closing of a high amount of Call contracts at the price of $17,000, which indicates the negative sentiment of traders. Also, with the start of the price drop and the increase in implied volatility, this issue becomes more visible.
The most important support for this date is initially $16,000 and then $15,000. Also, the most important resistance is $19,000 and $25,000.
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