Posted 4/12/2024, 8:23:46 PM
Bitcoin Traders on Edge as 'Halving' Approaches, Volatility Rises
- Bitcoin's implied volatility rose last weekend, indicating traders are nervous ahead of the "halving" event on April 20
- Implied volatility shows traders are willing to pay more to protect positions or speculate on potential price moves
- Bitcoin price has swung widely recently between a range as traders focus on the halving's impact
- Previous halvings have shown mixed short-term impact but largely bullish long-term effects on Bitcoin price
- Some researchers say other bullish events also contributed to post-halving price gains, so the sample size is small