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Matrixport: Bitcoin volatility soars to 62%, key events in September may trigger market turbulence

Matrixport: Bitcoin volatility soars to 62%, key events in September may trigger market turbulence

Bitget2024/09/06 09:06

Matrixport released a report stating that Bitcoin's actual volatility over the past 30 days has recently risen to 62%, exceeding the long-term average of 58%. Historical data shows that when volatility exceeds 70%, it usually brings profit opportunities for traders who sell implied volatility in the short term. On the other hand, when volatility is below 30%, buying volatility often provides good risk returns. Since June 21, Bitcoin has fallen by 12%, showing a similar summer fluctuation trend as in previous years. In addition, several important events in September may affect the Bitcoin market, including the U.S. employment report released on September 6th, presidential debates on September 10th and Federal Reserve interest rate decisions on September 18th. These events are expected to have a significant impact on market sentiment.

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