01 Aug 2023

August Outlook: A violent wake-up is near

The anemic summer revives the attractiveness of straddles as we approach months filled with known knowns and unknown unknowns. Further, the slow market is promising to further build exposure as we head towards a robust cyclical period for BTC.
Opinion Vetle

July has been anemic

We have witnessed a true drought in the market during the summer holiday of 2023. Trading volumes are remarkably shallow. BTC’s 30-day volatility currently sits near five-year lows, at levels only experienced eight days since January 2019, and derivatives activity resembles the low season after the apocalyptical FTX days.

A deep crypto sleep tends to be followed by a violent wake-up

The low activity matters in several regards. Slow periods are typical, but this slow period
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