Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory
Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory concerns
After 46 consecutive days of trading above $42,000, (BTC) price started to show weakness on Sept. 21. Over the last three days, the 13% accumulated loss was enough to erase the hard-earned gains added since Aug. 6. Historicals also show that the previous bearish cycle took 79 days to regain the all-important $42,000 level.
Traders’ attention turned to the start of the U.S. Federal Reserve’s monetary meeting, where the financial authority is expected to indicate whether it will curtail the $120 billion monthly asset repurchase stimulus program. Curiously, as all this takes place, China’s equity markets, as measured by the iShares MSCI China ETF ($MCHI), rebounded 1% on Sept. 21.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory