16 May 2023
A climate ripe for a move?
BTC faced eight consecutive days of negative returns with a brief push towards a $25k retest, only to return to the $27,000 area for the fourth Tuesday in a row.
In short
Implied volatility at all-time lows as activity dwindles. A climate ripe for a move?
Takeaways
3mth IV at all-time lows
Tether did not buy 52,000 BTC in Q1, 2023
Fourth consecutive $27k BTC Tuesday
