Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory concerns By Cointelegraph
After 46 consecutive days of trading above $42,000, (BTC) price started to show weakness on Sept. 21. The 13% cumulative loss over the past three days was sufficient to wipe out the hard-earned gains since Aug. 6. The historical data shows that the last bearish cycle required 79 days before it reached the critical $42,000 level.
The U.S. Federal Reserve’s next monetary meeting will be the focus of traders’ attention. This is where they are expected to announce whether or not it will reduce the $120 million monthly asset repurchase program. Surprisingly, China’s equity market, measured using the iShares MSCI ChinaETF ($MCHI) on Sept. 21, rebounded 1%.
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