Bitcoin Dips, Market Oversold; Bitcoin Dominance Rises
Update: 2025-12-17
Description
Bitcoin experiences a slight dip, falling 1.5% overnight, impacting the broader market. The crypto market is considered oversold, potentially setting the stage for a short-term relief rally. Bitcoins implied volatility remains low, indicating a calm market, while its historical volatility mirrors major tech stocks. Despite the downturn, long positions for Bitcoin on Bitfinex have reached their highest level since February. The market shows caution, with options pricing suggesting persistent downside concerns. Altcoins against Bitcoin remain weak, with Bitcoins dominance rising.
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