{"id":522955,"date":"2023-03-14T11:35:41","date_gmt":"2023-03-14T11:35:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=522955"},"modified":"2024-06-11T08:03:52","modified_gmt":"2024-06-11T08:03:52","slug":"bitcoin-price-poised-for-heavy-volatility","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-poised-for-heavy-volatility\/","title":{"rendered":"Bitcoin Price Poised For Heavy Volatility, Bulls Winning?"},"content":{"rendered":"

The Bitcoin price has risen by more than 20% amid the crisis in the US banking system<\/a>, which saw three banks shut down by the US government and a massive crash in the prices of numerous banks. After the furious price surge, BTC has stabilized between 24,000 and 24,8000 as of press time – but the calm might not last long.<\/p>\n

With today’s release of the Consumer Price Index (CPI), the Bitcoin price is traditionally in for a volatile day. And it’s not just the CPI that points towards massive volatility in the market.<\/p>\n

Bitcoin Faces A Volatile Day<\/h2>\n

Maarten Regterschot, founder of diveonchain, outlined in a tweet that the “perfect mix for strong volatility” is currently evident with regards to BTC futures data. Open interest is up $1.45 billion (23%). Funding rates are neutral \/ slightly negative.<\/p>\n

\"Bitcoin
Bitcoin poised for volatility | Source: Twitter @JA_Maartun<\/a><\/figcaption><\/figure>\n

Analyst James V. Straten adds that Bitcoin perp funding rates have turned negative ahead of CPI, while options 25 delta skew suggest a bearish sentiment with puts slightly at a premium.<\/p>\n

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#Bitcoin<\/a> perp funding rate turns negative ahead of #CPI<\/a>.
While options 25 Delta Skew suggests bearish sentiment with puts slightly at a premium pic.twitter.com\/4CzalHzgb3<\/a><\/p>\n

— James Van Straten (@jvs_btc) March 14, 2023<\/a><\/p><\/blockquote>\n