Analyst: The price of Bitcoin may have already hit bottom and begun to stabilize
A Bitfinex analyst stated that Bitcoin may have already hit bottom, as the derivatives market indicates that the price of this digital asset is beginning to stabilize. Price volatility has started to decrease, as "the spread between implied and historical volatility has narrowed by nearly 90%, suggesting traders expect Bitcoin prices to remain within a range and settle down."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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