Bitcoin trading activity is now significantly impacted by U.S.
Bitcoin trading activity is now significantly impacted by U.S. stock trading hours, with trading activity being less active over the weekend and the market being more subdued.
Almost all of today's Block trades were traded in spread, with sell call bull spreads traded the most, followed by sell put bear spreads, and market sentiment for BTCÐ has been relatively flat in recent days.
The only two Block trades over $20 million today were arguably tit-for-tat with one side being bullish to over 70,000 and the other bearish to under 65,000.
With the current trend on the weaker side and IV still in the upper range, the profit/loss ratio on selling is starting to improve.
Almost all of today's Block trades were traded in spread, with sell call bull spreads traded the most, followed by sell put bear spreads, and market sentiment for BTCÐ has been relatively flat in recent days.
The only two Block trades over $20 million today were arguably tit-for-tat with one side being bullish to over 70,000 and the other bearish to under 65,000.
With the current trend on the weaker side and IV still in the upper range, the profit/loss ratio on selling is starting to improve.