Odaily星球日报讯 根据 CoinMarketCap 的数据，比特币 Volmex 隐含波动率指数在 8 月 5 日触及 97.14，这是自 2022 年 11 月 FTX 崩溃以来的最高水平（20 个月高点），同一天比特币一度跌至 49,813 美元。 比特币当前价格已经部分恢复，但交易员仍预计未来其可能会进一步下跌。Tyr Capital 首席投资官 Ed Hindi 表示：“交易员正在积极购买 BTC 和 ETH 的看跌期权和看跌差价，以保护他们的头寸免受进一步下跌的影响。”（Cointelegraph）

Odaily星球日报讯 根据 CoinMarketCap 的数据，比特币 Volmex 隐含波动率指数在 8 月 5 日触及 97.14，这是自 2022 年 11 月 FTX 崩溃以来的最高水平（20 个月高点），同一天比特币一度跌至 49,813 美元。比特币当前价格已经部分恢复，但交易员仍预计未来其可能会进一步下跌。Tyr Capital 首席投资官 Ed Hindi 表示：“交易员正在积极购买 BTC 和 ETH 的看跌期权和看跌差价，以保护他们的头寸免受进一步下跌的影响。”（Cointelegraph）

比特币波动率达20个月高点，交易员正对冲潜在进一步下跌

According to CoinMarketCap data, the Bitcoin Volmex implied volatility index reached 97.14 on August 5, the highest level since the FTX collapse in November 2022 (20-month high), and on the same day, Bitcoin briefly fell to $49,813. Bitcoin's current price has partially recovered, but traders still expect it to fall further. Tyr Capital's Chief Investment Officer Ed Hindi said, "Traders are actively buying BTC and ETH put options and put spreads to protect their positions from further declines."

Odaily Odaily News According to CoinMarketCap data, the Bitcoin Volmex Implied Volatility Index hit 97.14 on August 5, the highest level since the FTX crash in November 2022 (20-month high). On the same day, Bitcoin fell to $49,813. Bitcoin&#39;s current price has partially recovered, but traders still expect it to fall further in the future. Ed Hindi, chief investment officer of Tyr Capital, said: &quot;Traders are actively buying put options and put spreads on BTC and ETH to protect their positions from further declines.&quot; (Cointelegraph)

Bitcoin volatility reached a 20-month high, and traders are hedging against potential further declines.

Odaily reports that 10x Research in its latest report states that many attribute the sell-off of Bitcoin to the unwinding of yen carry trades, but the reality is much more complex. Since mid-March, Bitcoin has been very fragile, despite the Nasdaq index rising 15% and the yen depreciating 10% during this period, Bitcoin has remained range-bound. Arbitrage trades rely on the continued high interest rates in the US, which are unlikely to persist. The rules of the game have changed.

In the past 24 hours, the trading volume in the crypto market reached $244 billion, the highest level since March 6th. Bitcoin experienced a significant amount of intraday liquidation after reaching an all-time high. While we were very bullish in February and early March, we have taken a cautious stance after the sharp decline, as our backtesting indicates that the future market is unpredictable. In hindsight, this was the right decision.

As new asset price drivers emerge, the financial markets are like a puzzle that needs to be reassembled periodically. This is one of those times. Unlike the sharp declines in April and June that were alleviated by increased leverage, this time there may not be such a reversal.

10x Research: The trading volume in the cryptocurrency market reached $244 billion in the past 24 hours, which is the highest point since March 6.

The previous trading channel and key support levels were significantly breached, signaling the end of the stage of testing the local highs.

BTC volatility: A weekly review July 29 - August 5, 2024

"We are very bearish on altcoins, especially Ethereum, which may fall to $2,000."