On the afternoon of July 13th, local time in the United States, Trump held a new round of presidential campaign rally in Butler, Pennsylvania. At 18:11, a gunman fired several shots from a high place outside the venue, injuring Trump's right ear. This incident also ignited the voices of the American people who support Trump, causing his campaign success rate to soar to over 70%. Considering his stance as a user and advocate of Digital Money (at least during this campaign period), this assassination attempt indirectly supported the continuous pump of BTC prices and the rapid rise of overall Volatility from the weekend's bottom.
Source: TradingView; SignalPlus
But having said that, BTC's credit for this wave of blood return is not entirely due to him. According to data from Farside Investors, in recent days, traditional funds have been reinjected into the Digital Money market through Spot ETF. On the one hand, the upcoming interest rate cut provides macroeconomic support, and on the other hand, according to Arkham's news, the German government currently has no coins to sell. BTC's performance in holding the 50,000 bottom line under strong selling pressure in the recent period has also made investors more confident in its price resilience, and provided a rehearsal for the upcoming Mt. Gox repayment event. From the perspective of Options trading, investors in the past 24 hours have expressed positive emotions by selling a large number of short-term bearish strategies (Short Put Spread, Short Put), with the most representative being BTC Short 26 JUL 62000 vs 58000 Put Spread (200 BTC per leg) and ETH Short 26 JU L2 4 3300-P (3500 ETH). However, we also noticed that the number of Put strategies bought for BTC in August is also considerable. Traders seized the opportunity of this price increase to buy relatively cheap Put Options to provide continuous protection for profitable long positions.
Source: Farside Investors; Twitter
Source: Deribit (as of 15 JUL 16: 00 UTC+ 8)
Data Source: Deribit, ETH trading overall distribution
Data Source: Deribit, BTC overall distribution of trades
Source: Deribit Block Trade
Source: Deribit Block Trade
You can search for SignalPlus in the ChatGPT 4.0 Plugin Store for real-time encryption information. If you'd like to receive updates from us, follow us on Twitter @SignalPlus_Web3 or join our WeChat group (WeChat: SignalPlus 123), Telegram group, and Discord community to connect with more longfren. SignalPlus Official Website：
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SignalPlusVolatility column (20240715): When the gunshots ring out
On the afternoon of July 13th, local time in the United States, Trump held a new round of presidential campaign rally in Butler, Pennsylvania. At 18:11, a gunman fired several shots from a high place outside the venue, injuring Trump's right ear. This incident also ignited the voices of the American people who support Trump, causing his campaign success rate to soar to over 70%. Considering his stance as a user and advocate of Digital Money (at least during this campaign period), this assassination attempt indirectly supported the continuous pump of BTC prices and the rapid rise of overall Volatility from the weekend's bottom.
Source: TradingView; SignalPlus
But having said that, BTC's credit for this wave of blood return is not entirely due to him. According to data from Farside Investors, in recent days, traditional funds have been reinjected into the Digital Money market through Spot ETF. On the one hand, the upcoming interest rate cut provides macroeconomic support, and on the other hand, according to Arkham's news, the German government currently has no coins to sell. BTC's performance in holding the 50,000 bottom line under strong selling pressure in the recent period has also made investors more confident in its price resilience, and provided a rehearsal for the upcoming Mt. Gox repayment event. From the perspective of Options trading, investors in the past 24 hours have expressed positive emotions by selling a large number of short-term bearish strategies (Short Put Spread, Short Put), with the most representative being BTC Short 26 JUL 62000 vs 58000 Put Spread (200 BTC per leg) and ETH Short 26 JU L2 4 3300-P (3500 ETH). However, we also noticed that the number of Put strategies bought for BTC in August is also considerable. Traders seized the opportunity of this price increase to buy relatively cheap Put Options to provide continuous protection for profitable long positions.
Source: Farside Investors; Twitter
Source: Deribit (as of 15 JUL 16: 00 UTC+ 8)
Data Source: Deribit, ETH trading overall distribution
Data Source: Deribit, BTC overall distribution of trades
Source: Deribit Block Trade
Source: Deribit Block Trade
You can search for SignalPlus in the ChatGPT 4.0 Plugin Store for real-time encryption information. If you'd like to receive updates from us, follow us on Twitter @SignalPlus_Web3 or join our WeChat group (WeChat: SignalPlus 123), Telegram group, and Discord community to connect with more longfren. SignalPlus Official Website：