$BTC

The market is awaiting an increase in volatility

Analysts at QCP Capital noted that bitcoin continues to trade within a narrow range.

The price of the asset hardly reacts to macroeconomic uncertainty and the political statements of U.S. President Donald Trump. Investors have adopted a wait-and-see stance in search of a stronger catalyst for sector movement.

However, the derivatives market indicates the caution of traders, experts emphasized. Options strategies on bitcoin and Ethereum continue to indicate the popularity of defensive tactics in the context of a possible market correction in June and September. Thus, investors with open long positions continue to hedge risks and prepare for a potential decline.

The implied volatility of June options on Ethereum has fallen below September levels. This could reflect the closing of speculative positions or profit-taking.