$BTC Market Awaiting a Surge in Volatility

QCP Capital analysts noted that Bitcoin continues to trade within a narrow range.

The asset price hardly reacts to macroeconomic uncertainty and political statements from U.S. President Donald Trump. Investors have taken a wait-and-see approach in search of a stronger catalyst for market movement.

However, the derivatives market indicates traders' caution, experts emphasized. Options strategies for Bitcoin and Ethereum still indicate the popularity of protective tactics in the context of a possible market correction in June and September. Thus, investors with open longs continue to hedge risks and prepare for potential drawdowns.

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