08-07 19:42
Bitcoin’s volatility has nearly disappeared. The risk hasn’t.(Greg Montani/Pixabay) This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. Spot bitcoin ETFs are yet to see outflows this month, bringing in $754 million in the first week of August. Yet, bitcoin remains steady at $64,700, while options flow favors protection at $62,000 and $63,000. The opposing signals point to a market with a spot bid but limited conviction. ETF demand has seemingly returned, but derivatives traders are guarding against a retreat ahead