Breaking Crypto News – Exploring the Link Between Options Data and a Quiet Crypto Summer
Breaking Crypto News – Analysts believe that the distribution of Ether and Bitcoin options points to the possibility of a summertime slowdown in trading activity in the cryptocurrency market.
We are in for a quiet summer, with a lower volatility environment and no catalyst to drive the market either way,
QCP Capital analysts
According to QCP Capital, investors could think about using accumulation as a tactic in front of “the long, quiet summer, especially for ether.” They also forecasted that there won’t be any notable changes in ether’s price in July. Gensler believes that the ETF approval for spot ether will take place in the latter part of the summer.
More Movement Expected For Ether In The Coming Months
According to the QCP analysis, traders anticipate significantly greater price movement in the upcoming months from the second-largest digital asset by market capitalization. The report did note, though, that when market prices in spot ether ETF S-1 Form approval increase, any higher volatility premiums for ether over bitcoin may decline.
Currently ether implied volatility is trading at a 10 vol premium to bitcoin, and we expect the spread to narrow with ether overwriters returning as we wait in anticipation of an S-1 Form approval late summer,
the QCP Capital
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