“A typical indicator is the implied probability distribution: whether it is MSTR, COIN or Deribit’s BTC options, the implied probability distribution of different expiration dates has shown a significant left shift,” Griffin Ardern, head of options trading and research at crypto financial platform BloFin, told CoinDesk in a Telegram chat. “It seems that traders have an implied consensus that the prices of BTC and altcoins are still high, and more pullbacks may be on the way.”
Source: https://www.coindesk.com/markets/2024/11/15/is-bitcoin-on-shaky-ground-market-signals-reflect-patterns-that-foretold-the-recent-slide-in-trump-media-shares/?utm_medium=referral&utm_source=rss&utm_campaign=headlines