Bitcoin seeks support
Bitcoin lost 3.8% on Tuesday, ending it at around $23.2K, and is developing a decline to $22.9 by Wednesday morning. Ethereum has lost 5.6% in the last 24 hours, to $1680. Top altcoins are down 2.5% (BNB) to 7.2% (Solana).
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August 2022
#Bitcoin 30-day options 25% delta skew: Source: LaevitasData shows that the skew indicator has been ranging between 3% and 5% since Aug. 5, which is deemed to be a neutral area. Options traders are no longer overcharging for downside protection, meaning they might lack #excitement,
#Specifically the Circulation Analyzer over the last 365 days suggests Binance coin price is coming to a significant low in terms of circulating coins. At 21 million coins, the last time BNB saw such an illiquid market was on July 17 2020 when #BNB price traded at $16.00.
Bitcoin bullish. 100K$ Soon 2025
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