- According to Greeks.live, available information suggests that ETF approvals are imminent.
- Increased FOMO during the US trading hours on Monday pushed Bitcoin price above $47,000.
- Greeks.live noted that the options market is giving mixed signals for Bitcoin and cryptocurrency.
According to Greeks.live, the platform that provides analytics tools for option traders, available information suggests that ETF approvals are imminent. Using its account on X, the platform noted increased Fear of Missing Out (FOMO) sentiment during the US trading hours on Monday, leading to Bitcoin reaching a new high of $47,000.
The analytics platform also noted that the options market is giving mixed signals, considering that short-term implied volatility (IV) has fallen sharply. Greeks.live shared a chart of the current at-the-money (ATM) option IV, showing that the current ATM option IV for June 11 has fallen below 90%, reducing by 30% in a few hours, with other terms also declining significantly.
Furthermore, Greek.live noted block trades have been relatively muted and dominated by selling calls and buying puts. Acco…
The post Bitcoin Climbs Above $47K Amid Mixed Options Market Signals appeared first on Coin Edition.