Following a resurgence of bullish sentiment across the cryptocurrency landscape, Bitcoin underwent a sharp rally and has since maintained this remarkable upward momentum, with its price holding strongly above the $108,000 mark. Amidst BTC’s renewed rally is a slowdown in the options market, which is currently mirroring past negative trends.

Summer Slowdown Hits Bitcoin Options

Since recovery from its pullback, Bitcoin has remained in an upward trajectory and appears to have found stability above the $108,000 level. Despite this notable upside performance of the flagship asset, a worrying trend has been observed in BTC’s on-chain and market dynamics.

Popular on-chain data and financial platform, Glassnode, has reported a negative development in the Bitcoin options market. Presently, the BTC options market is starting to exhibit clear signs of slowing down despite the recent upward price action.

While the market is cooling down, the development is echoing familiar trends observed during previous periods of less desire for speculation. Recent on-chain data shows that both implied volatility and trading volumes have significantly decreased lately, which may indicate that traders are reducing their exposure as sentiment is hindered by seasonal or unclear causes.

Glassnode, after analyzing the Bitcoin Options ATM Implied Volatility metric, has revealed that the options market is echoing the summer slowdown. According to the on-chain platform, the implied v

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Author: Godspower Owie