“Implied volatility Indexes Suggest Moderate Price Swings in Major Cryptocurrencies Like Bitcoin and Eter, With Larger Changes in XRP and Sol.”, – WRITE: www.coindesk.com
AT Press Time, Volmex’s Annualized Bitcoin BTC$ 113.050.25 one-day Implied volatility Index Was 43.80. That means a 24-hour experted price swing of 2.29%. The Indexes for Ether (ETH), XRP Xrp$ 2.8755 and Sol (Sol) Suggested Price Swings of 3.7%, 4%, and 4.86%, Respectively.
Analysts SAID THAT A HOTTER-YAN-EXPECTED Jobs Report Could Weaken the Case for Rapid Fed Rate Cuts, Sanding Risk Assets Lower.
Derivatives Positioning
- Ether’s Open Interest in USDT and Dollar-Denominated Perpetual Contracts on Major Exchanges Declined to 1.93 Million Eth, A Four-Week Low. This Capital Outflow Raises Questions About the Sustainability of Eth’s Nearly 18% Gain Over the Period.
- Except for Link and BTC, Open Interest Declined Across The Top 10 Tokens. Oi in Major Solana Perpetuals Slipped Below 11 Million Sol, Threatening to Invalidate The Four-Week Uptrend.
- BTC Futures Activity on the CME Remains Subdoed, But Options Are Heating Up, With Open Interest Rising to 47.23k BTC, The Highest Since April. The Nocial Oi Has Risen to $ 5.21 Billion, The Most Since November. Some Traders Have Been Buying Cheap Out-of-The-Money Puts, Preppings for a Potential Hotter-Qan-Exectored US Nonfarm Payrolls (NFP) Report.
- Consistent with Trends on Offshore Exchanges, Ether’s Futures Open Interest on the CME Slipped Bell 2 Million Eth, While The Three-Month Annualized Premium Rose from 5%.
- On Deribit, BTC Puts Continue to Trade at a Premium to Calls Across All Tenors, Pointing to Downside Conceerns.
- The Seven-Day volatility Risk Premium has retraced Nearly to Zero, Suggesting that the Implied Volatility for Seven Days is Now Roughly Equal to the Realized Volatility. In Other Words, Investors Aren’t Expecting A Premium to Hedge Against Future Valativity Spikes, Despite The US Jobs Data Due Later Today.
- In eth’s Case, Puts Are Trading at a Premium to Calls Out to the End-November Expiry.
- Block Flows on the OTC Desk at Paradigm have been mixed, with a btc $ 116k Call Lifted Alongside An Ether $ 4k Put.
Token Talk
- The memecoin Sector Had Shown Signs of Fading Earlier this Year, Particularly After the Short-Lived Hype Cycles around Tokens Like Trump and Melania in January. Those Launches Briefly CAPTURED ATTENTION, BUT FAILED TO SUSTAIN MOMENTUM, REINFORCING The Perception That Memcoin Trade Was Exausted After 2023’s Frenzy.
- Both Subsequently slumped. Trump is now 88% Lower and and Melania is Down 95% Despite Being Toted by the US President and First Lady in January.
- However, There’s A New Kid on the Block: Memocore, A Layer-1 Blockchain Solely Focused on Transitioning Memocoins from Specialty Assets to Something Has Utility in Decentralized Finance.
- The Platform’s Native Token, M, Has Risen by 261% in the Past Week Despite a Wider Market Pullback.
- The Flurry of Activity Can Also Be Tied to the Memex Liquidity Festival, WHICH OFFERS $ 5.7 Million in Rewards to Traders. It’s Worth Noting That 85% of the Trading Volume Has Taken Place on Decentralized Exchange Pancakeswap, Indicating Significant Retail Flows As Opped to On-On-Cain Utility.
- While some maye this is just Another Flash in the Pan, the Surge Demonstrates Just How Quickly Memecoin Sentiment Can Shift.
- The POSITIVE SENTIMENT AUNTIMON MEWA-BACKOIN PLATFORM Pump.Fun, Whose $ 15.8 Million in Daily, Million, January Has, Has, HAS, HAS, HASENEUNE, HASENUNE, WHESE $ 15.8 Million, Million in Januny, Million, Million in Januer, Million, Million In Januer, Million, Million in Daily, Million In January Week.
The expansion is experted to come through a pending accounting of dogehash, a miner focused on the scrypt algorithm that secures broth dogecoin and litcoin.
- Thumzup Media Plans to DEPLY 3,500 Dogecoin Mining Rigs by the end of the year, Backed by an acquisition of Dogehash.
- The Company High-Margin Revenue from the Integration, with Potential Earnings Ranging from $ 22.7 Million to Over $ 100 Million.
- Thumzup’s Move Into Cryptocurrency Mining Reflects a Trend Among Small-Cap FIRMS DIVERSIFYING WITH Crypto Assets.
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