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As Friday’s quarterly options expiry approaches, bitcoin derivatives brace for heightened volatility, driven by the phenomenon of a “quadruple witching.”A large portion of the open interest on Deribit ahead of Friday’s expiry is in-the-money (ITM), which could lead to increased trading volume, the analyst added.
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- 22:18Despite Trump's launch of the Bitcoin strategic reserve plan, the volatility of Bitcoin still reached its highest level of the yearAccording to The Block, market anxiety has continued since Bitcoin's volatility reached its highest level of the year last Monday. According to data from The Block's dashboard, since Bitcoin's annualized volatility reached 59.4% on Monday, it has basically stabilized at about 58%. The volatility experienced in the past week is the highest level since December last year.However, unlike December last year when Bitcoin prices were continuously rising due to market expectations for a crypto-friendly Trump administration, in recent weeks, Bitcoin prices have been falling continuously and have fallen by more than 15% over the past month. The recent fluctuations in Bitcoin occurred after Trump signed an executive order aimed at establishing a strategic reserve of Bitcoins and meeting with top leaders in the digital asset field at a crypto summit. This executive order requires a comprehensive audit of digital assets held by the federal government, including approximately 200 thousand bitcoins (worth about $17 billion at signing). David Sacks, Trump’s “crypto czar,” stated that America will not sell off its bitcoin reserves but instead treat them as a digital version of Fort Knox (i.e., national strategic reserves).
- 22:09BTC falls below 82000 US dollarsThe market shows that BTC has fallen below 82,000 US dollars, currently reported at 81,874.00 US dollars, a daily decrease of 1.44%.
- 22:08The probability of the Federal Reserve maintaining interest rates unchanged in March is 97%According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in March is 97.0%, and the probability of a rate cut by 25 basis points is 3.0%. By May, the likelihood of maintaining current interest rates remains at 67.2%, with a cumulative chance of a rate cut by 25 basis points at 31.9% and a cumulative chance for a rate cut by 50 basis points at just under one percent (0.9%).