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Bitcoin options market signals ‘summer slowdown’: Glassnode

  • Bitcoin is showing signs of a potential summer slowdown with a drop in spot and futures volumes indicating a lull in market activity.
  • Low volatility and reduced liquidity suggest a consolidation phase for Bitcoin with a potential pullback to $100,000.
  • Bitcoin options market signals a cautious outlook with implied volatility approaching all-time lows, reflecting traders' anticipation of less price movement.
  • Despite the slowdown, Bitcoin's ability to maintain levels near $110k showcases underlying strength, with potential for a breakout to a new all-time high or a pullback to $100k as key support.

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