Bitcoin Volatility Index T3 has jumped to its highest level since the collapse of FTX exchange

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Cointime2024/03/07 06:46

By:Cointime

The Bitcoin volatility index T3 has risen to its highest level since the collapse of the FTX exchange. This surge indicates that the cryptocurrency market should be prepared for more Bitcoin volatility (Note: T3 Bitcoin volatility index measures the expected 30-day volatility of tokens using option prices).

BI analysts Eric Balchunas and Athanasios Psarofagis wrote in a report that Bitcoin ETF investors may be the strongest advocates for this asset and are unlikely to withdraw during a fund retreat.

ETFs are used as small "hot sauce" configurations for core investment portfolios, which means investors will have greater tolerance for volatility. Analysts added that Cathie Wood's ARK Innovation ETF has shown similar dynamics.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14