Bitcoin Traders Remain Fearful of ‘Tail Risk’ Amid Renewed Price Lull: Observers

CoinDesk reported:

“Looking at the BTC butterfly index, we can see that wings are near the upper 90% percentile (red horizontal line). So, [while] outright volatility [metrics] seems confident in spot price consolidation, traders are still paying up for tails,” Greg Magadini, director of derivatives at Amberdata, said in the weekly newsletter.

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