Bitcoin Wallets Add 88,987 BTC as Puts Carry Higher Implied Volatility
Photo: TokenPost
Bitcoin wallets holding 10 to 10,000 BTC added about 88,987 BTC during the month beginning Sept. 19, bringing their combined balance above 13.69 million BTC by Oct. 19. That was the group’s highest balance in six months. At the reported Oct. 19 options readings, 25-delta puts had higher implied volatility than comparable calls. The wallet figure measures the combined BTC balance of addresses in that range. It does not count how many wallets there are, identify their owners or establish how the coins were acquired. An earlier report on whale accumulation covered roughly 84,000 BTC over one month.
Source: TokenPost
