BitcoinAlong with most of the higher currencies, they have taken a decline as investors are preparing for the “triglyceride” dose of market fluctuations.
At the time of publication, Bitcoin price He threw 2.4 % since yesterday, and slid less than $ 84,000. the Ethereum price This was followed, and it decreased by 2.4 % trading in the amount of $ 1948.93, according to CONINECKO data.
This has not been low since November 2023, before a Bitcoin Rally Help her climb from a pelvis for months and returned over $ 2000.
the XRP price He decreased by 5.2 % since yesterday. Earlier this week, he saw XRP A. Huge increase After the CEO of Ripple Labs said, Brad Garlinghyus said that SEC will soon fall a lawsuit against the company – although the organizer has not yet submitted paper work to do so, and he refused to comment on the matter when asked by him by Decode encryption.
What is the triple witch?
Trilogy The simultaneous completion of the stock index, stock index options, and stock options in traditional markets. Today it coincides with the first four such events in 2025.
He always spoke on the third Friday of March, June, September and December. It is known that it provokes increased fluctuations with merchants rushing to control and close positions before contracts stabilize at the end of the day.
In rare events, it coincides with the end of future contracts with a single stock and creates a charming day. But investors are dragging this level of disturbances today.
Today, “Triple-Witching” will witness contracts worth $ 4.5 trillion tied to stocks, indicators and money circulating on the stock exchange, according to Citigroup estimates.
As a measure of disturbances in the traditional market, Chicago Board Options Exchange from the CBOE fluctuation indexOr Vix, has already rose to 5.6 % since yesterday’s closure. Although the current VIX rating is much lower than the height to 29.07, it was seen at the beginning of last week amid global trade issues.
As for the encryption markets, Glassnode analysts have noticed in A. Modern report The Bitcoin Options Market shows that merchants are increasingly looking to alleviate the risk of BTC.
“The smile of fluctuations shows that trading is traded higher than calls, indicating the identification of positions that avoid risks with hedge from investors against additional additions.”
Cryptoquant noticed in a weekly report that Bitcoin Bull has decreased to its lowest level in two years.
“Bitcoin decreased by 23 % of its peak, and history shows only strong gatherings when the result is above 60,” analysts wrote. “Often the low -extended degrees come with the bear markets.”
Among the users of the countless decentralization market (which was launched by DecipherThe parent company DSTAN), and it appears that optimism about the price of bitcoin has slipped, With a little more than 60 % Now it is expected that Bitcoin will exceed $ 83,000 by the end of the week, a decrease from 75 % on Thursday. around 57 % of countless users We also expect Bitcoin Fear and Greed, a measure of feelings, will remain under 36 by March 25.
Edit Stephen Griffs.
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