Delphi Daily

Disclosure: Members of our team may own positions in assets mentioned in this report. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.

Market Update

BTC is back at the range lows and it’s not looking great for crypto markets. Actually, it’s not looking great for risk assets across the aboard. Almost every major stock index across the globe opened with a massive gap down.

Institutional members can tune in to Delphi’s latest analyst call tomorrow at 1pm ET to get the full rundown on markets, recent reports, and what’s on our team’s radar going forward

Imminent Volatility?

  • With Bitcoin sitting at the lows of its never-ending range, several traders and analysts believe volatility is imminent. But this isn’t necessarily true.
  • Implied volatility, which is the volatility with which the market prices options, has been declining ever since BTC’s price action started to decline. Since price is now trending in a particular direction (down), the market isn’t considered volatile. You can see the exact same pattern between Jan. 2021 and Apr. 2021 where BTC shot up from $27,000 to $65,000. BTC’s volatility would increase if it st

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