Today was the day the ETF was expected to pass, and Bitcoin instead fell below $45,000 to new lows in recent days.
The sharp volatility continues to pull the RV up and the short-term IV has seen a small rally, as we have mentioned several times recently in our data analysis that the bulls are very fragile at the moment.
In today's two back-to-back declines, there was a marked increase in the number of large active short sellers, mainly buying Jan26 puts.
The short-term game is starting to die down, with monthly options once again becoming the main trade and the ETF market coming to a close.
The sharp volatility continues to pull the RV up and the short-term IV has seen a small rally, as we have mentioned several times recently in our data analysis that the bulls are very fragile at the moment.
In today's two back-to-back declines, there was a marked increase in the number of large active short sellers, mainly buying Jan26 puts.
The short-term game is starting to die down, with monthly options once again becoming the main trade and the ETF market coming to a close.