Fears of an inconvenience of Bitcoin and ether (Eth) They have decreased substantially, according to the latest data market data. However, the rhythm of the next ascending movement in these cryptocurrencies will depend largely on the magnitude of the anticipated feeding rate scheduled scheduled for September 17.
The seven -day bias of BTC seven days, which measures how implicit volatility is distributed among the calls compared to the positions that expire in a week, has been recovered almost zero from the bassist of 4% a week ago, according to the Ambradata data source.
The 30 and 60 -day option is skewed, although it is still slightly negative, they have recovered from the minimum of last week, indicating a remarkable flexibility of fears down. Ether bias options exhibit a pattern similar to the time of writing.
The bias shows the directional bias of the market, or the extent to which merchants are more concerned with prices that increase or decrease. A positive bias suggests a bias towards the calls or players of a bullish option, while a negative reading indicates a relatively greater demand for downward sales or protection options.
The restart in the options occurs when the prices of Bitcoin and Ether see a renewed increase in the period prior to the decision of the Wednesday Fed rate, where the Central Bank is expected to reduce the rates and feel the foundations for additional flexibility in the coming months. BTC has won more than 4% to more than $ 116,000 in seven days, with Ether increasing almost 8% to $ 4,650, according to Coindesk data.
What happens below depends large (BPS) to 4%-4.25%. But there is also a slight possibility of a 50 bps jumbo movement.
BTC could go crazy in case the Fed delivers the 50 BPS surprise movement.
“A surprise of 50 BPS of rate rate would be a mass purchase signal +gamma for ETH, Sol and BTC,” said Greg Magadini, director of Amberdata derivatives, in an email. “Gold will go absolutely crazy.”
Keep in mind that the sun options that quote on abandonment already exhibit a strong upward feeling, with calls that are negotiated at 4-5 premium volatility to put.
Magadini explained that if the decision is aligned with the expectations of a 25 BPS cut, then a “highest grinding” for BTC seems likely. ETH, meanwhile, can take a week or so to test the maximum of all time and trade convincingly above $ 5,000, he added.
