The derivatives operators of #Bitcoin were still nervous, even when the price of BTC rebounded above US$106,000 for the first time since Friday. The Bitcoin volatility index, monitored by the cryptocurrency derivatives platform Deribit, has plummeted to 39.15. This is its lowest level since October 2023.

Some analysts pointed out that there is a bullish sentiment surrounding Bitcoin options with expirations in July and September, suggesting that they expect the current uncertainty to dissipate soon.