Posted 1/5/2024, 11:34:00 AM
Bitcoin Traders Cautious Ahead of SEC Spot ETF Decision
- Traders lowering bullish bias on bitcoin as SEC decision on spot ETFs approaches on Jan. 10
- Options pricing shows calls trading at smaller premiums to puts compared to early November
- Perhaps traders are taking a wait-and-see approach ahead of the ETF decision
- One-week volatility expectations have spiked, signaling traders should stay alert around SEC deadline
- Longer-term volatility gauges show more muted moves, suggesting ETF impact could be fleeting