The biggest crypto currency Bitcoin (BTC) $109,538.34Bitcoin Conference, which started today in Las Vegas today and lasted until May 30, stuck in the range of $ 107,000 to 110 thousand dollars. Although corporate demand continues to flow through Spot ETFs, short -term implicit volatility is still high. Defense line was established at the derivative table. In the meantime, the funding rates returned to normal, while the open positions in the term operations decreased. The main element that keeps the market on alert is on the speaker list of the event JD Vance, Michael Saylor, Donald Trump Jr. And Eric Trump Flash explanations that such names can make these explanations under the influence of the headline.
Bitcoin price is stuck before Las Vegas activity
Last week’s macro data excited stocks, while Bitcoin’s blood pressure was limited. USAWhile the volatility in the bond returns also fell, Spot ETF has stable entrances and kept the price on this narrow band. Analysts agree that kimse No one wants to grow his hand until the conversations are over ”.
In the short term, a surprise mobility in the short term, the downward shock is also on the table. This uncertainty keeps the demand alive to short -term options. Chicago option market1-week void volatility around 55 percent, while the forward curve is hardly bent back.
As will be remembered, a similar picture emerged at the Bitcoin event held in Nashville in July 2024. Then the US President Donald TrumpBefore the speech of the 1-day implicit volatility, 90 percent of the volatility, after the speech of the rally profit purchases, and Bitcoin fell almost 30 percent in two days. Even if there is a weak sale of the same scale in the market today, it is still fresh in memory. For this reason, professional tables are directed to “protected idi” strategies instead of “sold strangle” and insure the risks of down direction.
Volatility expectations triggered by Trump are increasing
Will take the stage at the event Trump Family His members and senator JD Vance are expected to give messages titled crypto currency in the context of the upcoming US elections. Although the claim that “Trump Media is looking for a $ 3 billion crypto currency fund” last week, even the rumor creating a wave on the option board showed the size of the market’s sensitivity to the explanations.
Under 107 thousand dollars on the technical front Futures Marketsis also full of intense stop-loss orders. However, since the same region has been the threshold where recovery has begun since March, bottom hunters are also on the alert.
Most investors believe that short -term volatility will collapse rapidly and the risk premium will melt after the speech traffic in the event is completed. With the decrease in the pressure on the option curves, it would not be surprising that the price turns to the $ 110-113 thousand dollars band. Nevertheless, the attitude of “Wait-Gör” in the market predominates. Moreover, it seems difficult to create a permanent trend of a volumeless break.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
