“A in character indicator is the implied probability distribution: whether it is MSTR, COIN or Deribit’s BTC options, the implied probability distribution of disparate expiration dates has shown a significant left shift,” Griffin Ardern, head of options trading and research at crypto pecuniary platform BloFin, told CoinDesk in a Telegram chat. “It seems that traders have an implied consensus that the consequences of BTC and altcoins are still high, and more pullbacks may be on the way.”
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