#a16zCryptoSaysRWATops
A five-year low.
I just saw this Bitcoin options volatility figure and had to pause for a moment. Just how boring is the market right now? Even people betting on direction can’t be bothered to place a wager.
Looking back at history, when volatility gets pushed to such extremes, one of two things often follows: either a huge green or red candle suddenly sets things off, or the market stays dead flat, grinding on until everyone forgets about it.
Anyway, my approach is simple. I’ve left my core spot position untouched, closed out my futures positions ages ago, and I’m still holding onto my U. Betting on direction at a time like this is no different from throwing darts with your eyes closed. Let it pick a direction on its own; there’ll still be time to follow once it breaks out.
What about you guys—still placing trades lately? #BTC #Crypto #BinanceSquare #Web3
🤑🤑🤑🤑🤑
A five-year low.
I just saw this Bitcoin options volatility figure and had to pause for a moment. Just how boring is the market right now? Even people betting on direction can’t be bothered to place a wager.
Looking back at history, when volatility gets pushed to such extremes, one of two things often follows: either a huge green or red candle suddenly sets things off, or the market stays dead flat, grinding on until everyone forgets about it.
Anyway, my approach is simple. I’ve left my core spot position untouched, closed out my futures positions ages ago, and I’m still holding onto my U. Betting on direction at a time like this is no different from throwing darts with your eyes closed. Let it pick a direction on its own; there’ll still be time to follow once it breaks out.
What about you guys—still placing trades lately? #BTC #Crypto #BinanceSquare #Web3
🤑🤑🤑🤑🤑