Summary:
The cryptocurrency market has been trading within a narrow range due to regulatory uncertainty and the banking crisis. Bitcoin derivatives markets show that professional traders do not expect any major price corrections. The put-to-call ratio for Bitcoin options volume has been below 0.90 since April 26, indicating a higher preference for neutral-to-bullish call options.
Key Points:
– Cryptocurrency markets have been trading within a tight 7.1% range for the past 14 days due to regulatory uncertainty and the banking crisis.
– Bitcoin derivatives markets indicate that professional traders do not expect any major price corrections.
– The put-to-call ratio for Bitcoin options volume has been below 0.90 since April 26, indicating a higher preference for neutral-to-bullish call options.