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Bitcoin or Ethereum? Options Traders Are Placing Their Bets for a July Breakout

  • Bitcoin and Ethereum markets experienced reduced implied volatility in June despite geopolitical events that briefly affected prices.
  • Traders on Derive.xyz are now adjusting their strategies for a potentially volatile July after a period of muted response to global risks.
  • Implied volatility for Bitcoin and Ethereum decreased in June, with traders betting on a limited fallout scenario that eventually occurred.
  • Derive's options market activity indicates expectations of larger price actions in July, with a bullish sentiment leaning towards Ethereum due to fundamental catalysts.

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