After severe volatility in June, investors are optimistic about Bitcoin and Ethereum in July.
Bitcoin and Ethereum Volatility in June
In June, Bitcoin fell below $100,000 due to tensions in the Middle East. However, following some positive news, it rose to $109,000. At this time, market participants noticed a decrease in volatility, which created expectations for a significant rally in July.
Analysts' Predictions for July
Analysts are stating that options traders are betting on significant price growth in July. Sean Dawson, head of research at Derive.xyz, noted that the decrease in implied volatility for Bitcoin and Ethereum in June led to expectations for a sharp rally this month.
Options Data Analysis
According to recent data, approximately 80% of July call options for Ethereum are priced above $3,000. Dawson emphasized that the Bitcoin options market is at a pivotal point, as almost half of all open interest expiring on July 25 is in calls at $130,000 to $135,000.
While Bitcoin and Ethereum faced volatility in June, analysts are confident in a bullish trend for July based on current options data.
