According to Mars Finance, Bitcoin prices have been boosted by a decline in the US dollar index and a rise in tech stocks. Currently, Bitcoin's 30-day implied volatility is stable at around 45%, seemingly indicating that trading will become less active as the year-end approaches. Ethereum's 30-day implied volatility, on the other hand, has fallen to 70%, its lowest level since October 9th. Open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange has fallen below 120,000 for the first time since early 2024, indicating declining institutional participation.
Data: Bitcoin's 30-day implied volatility has stabilized in the 45% range, while Ethereum's 30-day implied volatility has fallen to 70%.
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