Analysis: After reaching a historic high, Bitcoin's volatility has risen to its highest level in six months

2025-01-20 20:07:47

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ChainCatcher news, according to CoinDesk, Bitcoin has reached a historic high of over $109,000, with both implied volatility and actual volatility hitting their highest levels since August 2024.

"The positive correlation between Bitcoin prices and implied volatility remains. This indicates that traders are chasing options, especially call options, as the risk reversal shows that call options are trading at a premium relative to put options that provide downside protection," said CoinDesk market analyst Omkar Godbole.

"Trump's effective use of social media has historically influenced the market, increasing uncertainty in the coming days," said GCR trader Mitch Galer. "Speculation about strategic cryptocurrency reserves and potential regulatory easing has led the crypto market to maintain an optimistic outlook for further gains this year."

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